$XRP $ETH Do you know how to accurately define the duration of your trade and its objectives?

In the trading world, whether you're dealing with cryptocurrencies, forex, or even gold, there's a golden rule that cannot be ignored:

"Planning is the key to success"

What is the duration of your trade?

Is it a minute trade? An hour? A day? A week? Or even months?

Every trade requires a precise assessment of entry and exit points, and determining the appropriate duration based on your strategy and goals. Not all trades can be the same; each market and each price movement has its own specific conditions.

Why is this important?

Because defining the duration of the trade and its objectives helps you to:

1️⃣ Manage your portfolio wisely: Don't put all your eggs in one basket.

2️⃣ Manage risks wisely: Don't risk more than you can afford.

3️⃣ Achieve clear objectives: When you know what you want, achieving it becomes easier.

⚠️ Beware of traps

Some traders open a minute timeframe and say: "We made a profit" while in reality, they are losing in the long run. Trading is not a game of luck; it is a science and an art that requires study and analysis.

#Tip:

Before entering any trade, ask yourself:

1️⃣ What is the duration of the trade (the timeframe)?

2️⃣ What is its objective?

3️⃣ How much can I afford to lose?

4️⃣ Does it fit with my overall strategy?#BinanceHODLerTree #EthereumTurns10