How to trade spot correctly.
A specific example. Analyzing mistakes.
One of the biggest mistakes for traders, whether they are beginners or enthusiasts, is to go all in, investing a large portion of their deposit at once.
This approach deprives you of the opportunity to use your deposit to the maximum. Let's say you have a deposit and you've found a coin you want to invest in.
The first thing to do is to analyze the moment when you can buy the coin at the best rate possible. Let's say it's not with 100% accuracy. When that moment comes, buy no more than 2-3% of your deposit and see how far the coin can correct. As soon as the coin lowers in value and stops, you can buy another 2%, and another 2% in the next drop. This way, you lower your entry point, gain more position, and follow RM.