#SharingIsEarning #CareerLessons

#BinanceTurns8 #CryptoTradingInsights

💡 Golden Rules Every Trader Must Remember

🧠 1. Trading Is a Game of Probabilities — Not Certainties

No setup guarantees success — your goal is to manage risk and win more than you lose.

Think in terms of risk-reward ratio and long-term edge.

🧮 2. Risk Management Is Your Survival Kit

Never risk more than 1–2% of your capital on a single trade.

Always use a stop-loss — never trade without one.

Protect capital first, profits will follow.

"Amateurs focus on how much they can make. Professionals focus on how much they can lose."

🛑 3. Control Emotions: Fear and Greed Kill Accounts

Don’t FOMO (Fear Of Missing Out).

Avoid revenge trading after a loss.

Stick to your trading plan — don’t trade based on emotions or news hype.

📈 4. Plan Every Trade — And Trade the Plan

Entry ✅

Stop-loss ✅

Target ✅

Risk-reward ratio ✅

If it’s not written down, it’s not a plan.

🧘 5. Patience Is a Superpower

Don’t chase trades. Wait for high-probability setups.

The best traders take fewer, better trades.

Sometimes the best trade is no trade.

🧪 6. Backtest and Journal Every Trade

Learn from both wins and losses.

Keep a trading journal:

Why you entered

What worked/failed

How you felt

Improves discipline and performance over time.

🔍 7. Understand the Market Structure

Don’t trade blindly — know:

Support & Resistance

Trend direction

Volume behavior

Volatility zones

💼 8. Don’t Trade Without Proper Capital

Under-capitalization leads to emotional decisions.

Don’t trade with borrowed money.

Only trade what you can afford to lose.

⚙️ 9. Use Tools, Not Hype

Rely on:

TradingView charts

RSI, MACD, EMA, Fibonacci

Price action and volume

Avoid "signals" from social media unless verified.

📚 10. Stay a Student of the Market

Market conditions change — your strategies must evolve.

Read books, take courses, learn from mentors.

Master one strategy first before trying multiple.