Will you get rich with Binance?
This question mainly depends on you.
It mainly depends on your psychology.
When you are not trading, you see the chart clearly and can identify optimal entry and exit points without worrying about loss or profit and can be psychologically prepared.
#doge
#BTC
But when you open a buy or sell order while watching the candles, sometimes you move forward with ambition, hope, and even greed.
You want the candles to move in your direction, and you do not see how much you will lose if things turn back.
How long will you endure until the red closes? How many dreams will you have until your order goes from red to green?
Getting rich here mainly depends on you.
How much profit will you be satisfied with, how much loss will you be satisfied with, then you will close the order.
What is important here is:
Let's say we have opened a buy or sell order.
Let's set a stop-loss and a short-term target. You will know how much you will lose and how much you will gain. Then close the screen and come back after a few hours. You will achieve one of two situations, with known percentages, profit or loss.
But if you look at the chart and follow it, you are dragging yourself to destruction.
Either you see the profit and increase it, adding more money to the order.
Or you see the losses and support the order with more money, hoping to recover. Or, in the worst case, you close the order before reaching the stop-loss, which may never be reached, and the order may recover.
The main idea:
Control yourself and you will get rich here.
