I would add not to trade against the trends. Avoid excessive leverage. Consider the volume and do not open trades in sideways markets.
Post
El Cubireño
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🇻🇪"The Loss of a Month of Effort"🇻🇪 -200$ in less than an hour
"Last Monday, November 3rd, in just one hour, I saw how $200 disappeared from my account in Binance Futures. In the economy of Venezuela, that's not a 'trading error'; it's the cost of a whole month of hard work. The anger was immense. If this has happened to you or you want to avoid it, read these hard lessons about Risk Management."
The Golden Rule: The Non-Negotiable Stop-Loss is a LIFE INSURANCE. It's better to lose a little than to lose it all.. If you've never used STOP LOSS, I want you to know that this option automatically closes the operation right where you place the loss, that is, do you want to lose 20% or 30%? Well, that's where it will close.
The Golden Rule: The Non-Negotiable Stop-Loss is a LIFE INSURANCE. It's better to lose a little than to lose it all.. If you've never used STOP LOSS, I want you to know that this option automatically closes the operation right where you place the loss, that is, do you want to lose 20% or 30%? Well, that's where it will close.
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