Do you think you know about crypto? 🤔 Think twice. There is a FATAL mistake that almost everyone makes on Binance (and other exchanges) that is WRECKING their portfolios. And it's an open secret that no one tells you.
It's not just FOMO. It's not following the "guru." The problem is much simpler and more devastating: Trading without a clear risk management plan for EVERY move! 📉
Yes, 99% of traders enter without defining:
How much am I willing to lose? (Stop Loss) 🛑
How much do I expect to gain? (Take Profit) 📈
What percentage of my total capital do I risk in THIS trade? 💰
Why does it annihilate you? 💀
You enter a trade. The price drops. 📉 Without a Stop Loss, you freeze. You see your profits disappear, then your capital. Panic! You sold late, lost a lot.
If it goes up, without a Take Profit, you keep waiting for more. Greed blinds you. 😥 The price suddenly drops, and your profit vanishes!
The Revelation: Protect yourself NOW! 🛡️
The solution is simple, but it requires discipline!
Define your risk (BEFORE entering!): Never risk more than 1-2% of your capital per trade. If you have $1,000, only risk $10-$20.
Stop Loss ALWAYS! 🛑 It’s your lifesaver. Set it before buying/selling. It’s the maximum loss price you accept.
Identify your Take Profit: How far do you think it will rise? Set a target (e.g., 1:2 or 1:3 risk/reward).
Calculate your position: Important! Make sure your investment size does not exceed your predefined risk.
Don't let fear or greed dominate you! 🤯 If you don't do this, it's not trading, it's gambling. Binance gives you the tools, you set the strategy!
Ready to stop losing and protect your money? 🚀 Implement this in your next trade. Your wallet will thank you! #BTC #ETH