Abdul Basit Khan's advice for traders (in Urdu):
1. Always follow risk management:
Analysis:
Risk only 1-2% of your total portfolio on a single trade. Even good setups can fail. Protect your capital first, profits will come later.
2. Focus on coins with high volume:
Analysis:
Coins like BTC, ETH, SOL, XRP have high leverage and liquidity, so they are safer to trade. Coins with low volume are at risk of sudden large price fluctuations.
3. Don't chase cheap things, buy strength:
Analysis:
Buy coins that are breaking resistance and making higher highs. Buying coins that are falling simply because they are cheap can be detrimental.
4. Keep tight stop losses on meme coins and new listings:
Analysis:
Meme coins (like Bonk, Floki, Pepe) and new tokens are high risk. Trade them early and set tight stop losses to avoid sudden large losses.
5. Don't over-trade on short time frames:
Analysis:
5-minute or 15-minute charts can force inexperienced traders to make emotional decisions. It is better to focus on 1-hour or 4-hour charts, which give clearer and stronger signals.
6. Respect important support and resistance levels:
Analysis:
The best entry is when the coin is close to support and has a clear stop loss. It is risky to enter in the middle without a level.
7. Stay Disciplined — Have a Plan for Every Trade:
Analysis:
Set your entry point, take profit target, and stop loss before each trade. And then stick to that plan. Trading without a plan is gambling.
8. Keep an eye on news and listings:
Analysis:
Big news about Binance listings, partnerships, or projects can cause huge fluctuations in a coin's price. Always stay up to date with updates to avoid getting caught out.
9. Accept the loss calmly:
Analysis:
Losses are part of every trader's journey. No one wins 100% of their trades. The goal should be for the overall profit to be greater than the loss.
10. Go with the trend, don't go against it:
Analysis:
If the market is going up, focus on buying, if it is going down, either short or stay away. Going against the flow of the market is dangerous.
