๐ An important rule for every beginner trader in cryptocurrencies
Donโt make your goal in trading to win every tradeโฆ
Make your goal to protect your capital and learn from every trade. ๐ง ๐
Before you hit the Buy button, ask yourself 3 questions:
1๏ธโฃ Why am I buying now?
2๏ธโฃ Where will I exit if the price moves against me?
3๏ธโฃ How much can I afford to lose without it affecting my capital?
โ Donโt enter the trade out of fear of missing the rally.
โ Donโt double down just to try to make up for a previous loss.
โ
Make a plan before entering and stick to it.
In trading, consistency and risk management are more important than looking for a quick trade. ๐ก
๐ฌ My question to you:
Whatโs harder for you: determining the entry point or setting the stop-loss?
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