$XRP 1. Stick to Your Strategy
Tip: Never chase the market. Define your strategy (scalping, swing, HODLing) and stick to it. Emotional decisions lead to losses.
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2. Risk Only What You Can Afford to Lose
Tip: Never invest money you need for essentials. The crypto market is volatile—protect your capital with smart risk management.
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3. Use Stop-Losses Wisely
Tip: A stop-loss is your best friend. Set it based on your technical analysis, not emotion. It protects you from major downside.
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4. Learn from Every Trade
Tip: Win or lose, journal your trades. Note the entry, exit, reason, and outcome. Over time, patterns will emerge that improve your edge.
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5. Avoid Overtrading
Tip: More trades don’t mean more profits. Focus on high-probability setups only. Quality beats quantity every time.