That's an excellent and comprehensive list of trading advice! Here is the English translation of the provided Urdu text:
🔝 Top 10 Mistakes to Avoid in Crypto Trading (Golden Rules)
These guidelines apply generally to crypto trading, including on platforms like Binance:
* Always Use a Stop Loss (SL)
Never trade without a stop loss; otherwise, one mistake can wipe out your entire account.
* Practice Risk Management
Risk a maximum of 1-2% on each trade. Never invest your entire capital into a single coin.
* Avoid Greed
Small but consistent profits are better than a large loss. Remember the rule: “Even a small profit is still a profit.”
* Do Not Trade Emotionally
Making decisions driven by fear or greed leads to losses. Always create a plan first, then execute it.
* Follow the Trend (Trend is your friend)
Always trade according to the market trend (Bullish or Bearish); going against the trend is far riskier.
* Diversify Your Portfolio
Do not rely on a single coin or project. Invest in various coins and sectors.
* Use Leverage Cautiously
High leverage means high risk. New traders, in particular, should avoid high leverage.
* Use Both Technical and Fundamental Analysis (TA & FA)
Refrain from relying solely on charts or solely on news. Combine both for better decision-making.
* Maintain a Trading Journal
Record every trade (entry, exit, reason, profit/loss). This allows you to learn from your mistakes.
* Have Patience and Discipline
Crypto is not a way to get rich quickly; it's a long game. Patience and consistency are the keys to success.
Would you like me to elaborate on any of these specific points, such as Risk Management or Portfolio Diversification?$BTC $ETH $BNB
#CryptoMarketAnalysis #MarketPullback #TrumpTariffs #BNBBreaksATH