K-Ijo's Profile | Binance Square

K-Ijo

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Thank God for today💸💸💸 It's enough, don't be greedy, it's time to rest🙏🏻
#StrategyBTCPurchase

Today's PNL

2025-07-04

+$487.27

+12.89%

BTC

K-Ijo

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#5 ~ Acknowledge your mistake and promptly minimize your losses.

If the market proves your entry wrong, do not stubbornly hold on to your position - simply accept that you are wrong and exit.

Disciplined stop-loss saves capital and keeps you in the game for the next opportunity.

K-Ijo

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#4 ~ Do Not Force Trading After Losses—know when to walk away and take a break.

Continuing to trade in an emotional state often leads to revenge trading and deeper losses.

Studies show that stopping after a loss helps traders regain objectivity, reset their mindset, and avoid impulsive decisions.
Build a "cooling-off" period every time you reach a drawdown threshold,

Sometimes the best trade is not to trade at all.

I sometimes make silly mistakes and get influenced by erratic chart movements, so stepping away and taking a break really helps me reset my mindset.

K-Ijo

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#3 ~ Get into the habit of taking profits
Whenever you achieve solid profits (e.g., 5–10%), transfer that portion to a separate account or wallet so it is no longer at risk.

This prevents overtrading or revenge trading with your winnings—locking in profits protects your capital and psychological balance.

Allocate enough in your trading account to cover your risk tolerance and keep the rest safe—consider leaving only 20–50% of the profits in the trader's account and withdrawing the remainder.

Remember. Money in the market doesn't really belong to you until you withdraw it.

K-Ijo

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#2 ~ buying more when the market is down—may seem smart, but if the trend continues to move against you, it guarantees liquidation. Discipline is not about reacting quickly,

Instead of throwing all your money into a falling trade, enter with a small amount over time or avoid chasing "discounts." This flattens risk and avoids prolonged drawdowns.

Always account for volatility in your risk plan—set your entries, stop-losses, and position sizes, and stick to them consistently. Let time be your ally, not your enemy.

K-Ijo

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#1 ~ Patience is the greatest asset of a trader. Never rush into opening a position.

Rushing in often neglects support/resistance and proper stop-loss placement, increasing the risk of loss.
Never rush to enter due to FOMO.