📚 Trading Lesson 4: Capital Preservation & The Power of "No Trade"
In our previous lessons, we talked about indicators and patience. Today, we focus on the most critical skill in trading: Protecting your money.
🛡️ Why I Cancelled My Order Last Night
Market conditions can change in seconds. Last night, seeing the volatility, I chose to cancel my pending orders. As a result, I avoided the $3,000+ drop in BTC from $95,309 to $92,200. Had I left the order open, my Stop-Loss (SL) would have been hit instantly.
💡 Key Learning Points:
No Trade is also a Trade: Sometimes, the best way to make money is by not losing it. Staying in "Cash" or "USDT" is a valid position when the market is unclear.
The "Cancel" Button is your Friend: Never be afraid to cancel an order if the price action looks weak or the news sentiment changes. Flexibility is better than being stubborn.
Don't Marry Your Bias: Just because you thought the price would go "High" doesn't mean you must stay in that trade. If the data says "Low," adapt quickly.
🚀 Summary:
Your first priority is to survive the market so you can trade another day. Profits will follow once you master the art of protecting your capital.
📢 Need a second opinion? Before you let your Stop-Loss hit, contact Technical-tradrS-68 to check if you should cancel your order or flip your direction. Let’s protect your wallet together!
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