[TRADING TIPS] Simple Strategy for Beginners (Crypto Trading)
Crypto trading can be very profitable, but it also carries a significant risk if not executed with the right strategy. For those of you just starting, it's essential to have a basic plan to avoid losing money easily. Here are some simple strategies suitable for beginners:
1. Always Use Isolated Mode
Always use Isolated mode to limit your losses to the margin amount you choose. For example, if you only want to risk $5, then even if the market moves against you, the maximum you can lose is just $5. This is much safer compared to Cross mode, which can use up your entire balance.
2. Avoid High Leverage
High leverage may seem tempting due to its large profit potential. However, the risks are also very high. As a beginner, it's sufficient to use low leverage (1x to 3x). This is enough to learn to understand price movements without risking your entire capital in a matter of seconds.
3. Use Stop Loss and Take Profit
Before entering a position, you must set a profit limit (take profit) and a loss limit (stop loss). For example, if you buy Bitcoin at $60,000, you can set your TP at $61,000 and SL at $59,500. This way, you don’t need to panic when prices move, because everything is already planned.
4. Control Your Emotions While Trading
Don't FOMO (fear of missing out) when prices rise sharply—this is usually when prices reverse downwards. Also, don't seek revenge when you incur losses, as trading with emotions often leads to worse outcomes. Patience and discipline are key.
5. Record and Evaluate All Trades
Every time you complete a trade, write down the notes: why you entered that position, how it turned out, and what you can learn from it. From here, you will start to see patterns: when you often make poor decisions, and which strategies suit your style best.
⚠️Remember, in the trading world, what's important isn't how quickly you get rich, but how long you can stay in the game.
