1. Always trade with a solid plan.
Do not risk entering trades without planning. Define entry and exit points and stop loss before each trade. A solid plan helps you avoid emotional mistakes.
2. Use stop loss on every trade.
Capital protection is the first and foremost rule. Always set a stop loss to limit your losses - do not hold onto a losing trade in hopes it will recover.
3. Do not chase green candles.
Avoid buying after significant rises. Wait for confirmation of a pullback or support. Late entry often leads to losses.
4. Trade with the trend, not against it.
Follow the market trend. Use higher time frames (1 hour, 4 hours, 1 day) to determine the direction and align your entry points with momentum.
5. Learn basic technical analysis.
Understand support/resistance, trend lines, and the relative strength index. These simple tools provide clear signals and reduce guessing.
6. Risk management - avoid over-leveraging.
Use small position sizes, especially in futures. Do not risk more than 1-2% of your capital on a single trade.
7. Track your trades - write everything down.
Write down your trades, their reasons, and results. This fosters discipline and helps you learn from gains and losses.
8. Trade high volume and volatility currencies.
Stick to currencies with strong liquidity and daily movement. These currencies provide better entry points, faster exits, and more reliable setups.
9. Avoid overtrading - quality is better than quantity.
It is better to rely on 2-3 strong setups daily rather than 10 random trades. Wait for the right moment, then invest with confidence.
10. Stay updated on market news.
Follow Binance announcements, economic news, and market events. Sudden updates can move the market quickly - be prepared.
By following these ten instructions daily, you will help your followers maintain discipline, avoid common mistakes, and achieve consistent profits over time.
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