💡 What I Wish I Had Known Before Getting Into Crypto on Binance
In 2021, I discovered the world of crypto and decided to take action.
I was buying, selling... sometimes just because a tweet made me feel like "it was the moment".
Result? Quick gains... but also even quicker losses. 💸
I learned the hard way that crypto is not a sprint. It's a strategic marathon.
Here are the 5 lessons that would have saved me a lot of mistakes:
1️⃣ Never trade without a plan 📋
Jumping in on a whim is the best way to lose.
Today, every position I take has a specific goal and a defined stop-loss.
2️⃣ Capital management = your survival 💰
Never risk more than 2% to 5% of your capital on a single position.
This allows you to last long enough to learn and progress.
3️⃣ Choose the right moments ⏰
Watch for periods of high volatility: economic announcements, market openings... but always with a clear strategy.
4️⃣ Avoid FOMO 😤
Chasing a pump because "everyone is buying"? Bad idea.
Better to miss an opportunity than to lose on a false start.
5️⃣ Educate yourself before betting big 📚
Understand candlesticks, support/resistance levels, and indicators (RSI, EMA...) before putting in large sums.
📌 Conclusion: Crypto is not a game of chance. It's a discipline, a risk management, and a long-term vision.
🚀 Starting tomorrow, I will share a series of 7 detailed tips to help you progress on Binance and avoid my mistakes.
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#LearnFromMistakes #CryptoStrategy #TradingCommunity #BinanceInvesting
