#BinanceSpot
1. Understand the market before any step
There is no such thing as "quick profit" in the market. Before I start any deal, I must study the market well and understand the factors that affect prices, whether economic, political, or even psychological.
2. Risk management is a priority
I always set a maximum loss for each deal, and I do not risk more than I can bear. The goal is not always profit, the important thing is that I do not lose everything.
3. I do not trade emotionally
If the market goes up or down, I try not to be affected by emotions. The decision must be based on clear and logical analysis, not fear or greed.
4. Set clear goals
Before I open any deal, I determine where I want to sell (Take Profit) and where I will stop the loss (Stop Loss). This way I maintain my strategy and do not deviate from it.
5. Continuous learning
The market is always changing, and I have to be ready. I read articles, watch videos, and follow economic news first hand.
6. Investing with what I know
I don't enter any market or asset that I don't understand. If I don't understand how the asset moves or how the market works, it's best to stay away from it.
7. Patience is the most important weapon
I don't rush to make a profit. Success in trading takes time and commitment, not a day or two. Good deals require planning, not random decisions.
8. Benefit from mistakes
Every loss is an opportunity to learn. Instead of blaming myself, I analyze what went wrong and work on improving my strategy. $THE $BTC $ETH