After more than five years of experience... here are three secrets to success ✍️
1- Don’t start with less than a thousand dollars, and treat it as a real investment. Imagine you want to build a business—would $100 or $500 be enough? Absolutely not.
Forget the false promises that turn $10 into a million, the hype around trading, and be realistic, my friend. How many times have you lost because your portfolio was too small and you had to use 20x–50x leverage? That’s gambling, not trading.
2- Stay away from commission hounds: You’ll see plenty of opinions on Binance Square, and most of them are hype and baseless—just dreams. If someone tells you to enter a trade on a certain coin and you agree, they earn a commission and don’t care about you. That’s why I call them “commission hounds.” These opinions can affect you even if you don’t follow them. You’ll get caught in the trap of wondering: should I keep going or give up?
3- Discipline, discipline, discipline. Set a clear plan, and I’ll make this very simple.
You now have a thousand dollars and have entered a trade after doing a clear and convincing analysis.
Set your stop-loss at 1% to 2%.
Now imagine you opened a trade and set your loss at 2%. If you lose, you’ll lose 20$ , which means you would need 50 consecutive losing trades to be wiped out of the market—and that’s excellent. Aim to make one or two times your stop-loss amount on each trade. Most importantly, stick to your stop-loss and your target. If you cancel your stop-loss to give the market another chance, it won’t show you any mercy.
Trade safely, and be a robot with no emotions ✅
1- Don’t start with less than a thousand dollars, and treat it as a real investment. Imagine you want to build a business—would $100 or $500 be enough? Absolutely not.
Forget the false promises that turn $10 into a million, the hype around trading, and be realistic, my friend. How many times have you lost because your portfolio was too small and you had to use 20x–50x leverage? That’s gambling, not trading.
2- Stay away from commission hounds: You’ll see plenty of opinions on Binance Square, and most of them are hype and baseless—just dreams. If someone tells you to enter a trade on a certain coin and you agree, they earn a commission and don’t care about you. That’s why I call them “commission hounds.” These opinions can affect you even if you don’t follow them. You’ll get caught in the trap of wondering: should I keep going or give up?
3- Discipline, discipline, discipline. Set a clear plan, and I’ll make this very simple.
You now have a thousand dollars and have entered a trade after doing a clear and convincing analysis.
Set your stop-loss at 1% to 2%.
Now imagine you opened a trade and set your loss at 2%. If you lose, you’ll lose 20$ , which means you would need 50 consecutive losing trades to be wiped out of the market—and that’s excellent. Aim to make one or two times your stop-loss amount on each trade. Most importantly, stick to your stop-loss and your target. If you cancel your stop-loss to give the market another chance, it won’t show you any mercy.
Trade safely, and be a robot with no emotions ✅