After more than five years of experience… here are three secrets to success ✍️
1- Don’t start with less than $1,000, and treat it as a real investment. Imagine you want to build a business: is $100 or $500 enough? Absolutely not.
Forget the false promises that turn $10 into a million, the hype around trading, and be realistic, my friend. How many times have you lost because your portfolio was too small and you had to use x20-50x? That’s gambling, not trading.
2- Stay away from commission dogs: You’ll see lots of opinions on Binance Square, and most of them are hype and baseless—just wishful thinking. If someone tells you to enter a trade in a particular coin and you agree, they earn a commission and don’t care about you. That’s why I call them “commission dogs.” These opinions can affect you even if you don’t act on them; you’ll find yourself wondering, “Should I continue or give up?”
3- Discipline, discipline, discipline. Make a clear plan, and I’ll explain it very simply.
You now have $1,000 and have entered a trade based on clear, convincing analysis.
Set your stop-loss at 1% to 2%.
Now imagine you opened a trade and set your loss at 2%. If you lose, you’ll lose 20$ , which means you’d need 50 consecutive losing trades to be wiped out of the market—and that’s excellent. Your profit target for each trade should be one or two times your stop-loss. Most importantly, stick to your stop-loss and target. If you cancel your stop-loss to try to give the market another chance, it won’t show you any mercy.
Trade safely and be a robot without emotions ✅
1- Don’t start with less than $1,000, and treat it as a real investment. Imagine you want to build a business: is $100 or $500 enough? Absolutely not.
Forget the false promises that turn $10 into a million, the hype around trading, and be realistic, my friend. How many times have you lost because your portfolio was too small and you had to use x20-50x? That’s gambling, not trading.
2- Stay away from commission dogs: You’ll see lots of opinions on Binance Square, and most of them are hype and baseless—just wishful thinking. If someone tells you to enter a trade in a particular coin and you agree, they earn a commission and don’t care about you. That’s why I call them “commission dogs.” These opinions can affect you even if you don’t act on them; you’ll find yourself wondering, “Should I continue or give up?”
3- Discipline, discipline, discipline. Make a clear plan, and I’ll explain it very simply.
You now have $1,000 and have entered a trade based on clear, convincing analysis.
Set your stop-loss at 1% to 2%.
Now imagine you opened a trade and set your loss at 2%. If you lose, you’ll lose 20$ , which means you’d need 50 consecutive losing trades to be wiped out of the market—and that’s excellent. Your profit target for each trade should be one or two times your stop-loss. Most importantly, stick to your stop-loss and target. If you cancel your stop-loss to try to give the market another chance, it won’t show you any mercy.
Trade safely and be a robot without emotions ✅