$SOL I lost approximately more than 10000 dollars, I swear that there is no trade, profession, or job that earns you like trading, but I work a thousand lines under it, but ..
1/Don't start without learning the basics of trading. First, a trader teaches you the basics: how to leverage, when to buy at the lows, when to sell at the highs, and how to know the supports and resistances.
2/Start with small amounts that do not affect your psychology if you lose, and be content with a small profit rather than losing your capital. Profits, even if small, accumulate. Leave greed behind, and also leave fear behind, and be moderate in your behavior while trading.
3/Know that trading is not an easy matter; it is a science just like studying medicine, engineering, or any field that requires time for education. Do not complain about trading if you are the reason for the loss by making mistakes, like the failed doctor who causes the patient's death.
4/Trading has plans and strategies that beginners do not know except after some time, such as classical trading, hedging, and trading currencies against currencies.
5/Anyone who enters the trading field must know that they have to pay the price of their education just like they pay for studying and learning in any field. Here, you must pay the price of your education, and the clever one is the one who pays the price with the least costs.
6/Anyone who thinks that platforms rain gold and silver is mistaken. Even top professionals lose, but what differentiates the professional from the beginner is sometimes exiting with the least losses because the market is highly volatile.
7/Through my education and practice of trading for years, it has become clear to me that 90% of repeated losses come from loading the account beyond its capacity. Weak capital either causes you to get liquidated or close at a loss, and then the price rises again.
8/The market needs daily practice and monitoring so that you are aware of currency prices and their fluctuations, and you should follow the news. When you buy, you must know at what price you bought and at what price you expect to sell. Keep your dreams realistic.
9/Never enter trades out of greed, and never sell out of fear. Use the dollar-cost averaging (DCA) buying method.
And beware of chasing candles; enter at an excellent price, have a strong margin, and do not set a stop loss if you entered at strong support, as the price often touches stop loss areas, especially if it is close.
10/Finally, Binance is a very large platform, and the clever one is the one who captures the severe lows. Also, my advice is not to keep following all currencies; stick to your favorites, know their peaks and troughs. 20 or 30 currencies are better than getting lost in the stormy ocean.
Greetings to all of you. If you master risk management at 90%, you will succeed. Let technical analysis be a helpful tool; professionals do not rely on it more than 10%. $SOL