๐Ÿ“š Spot Trading โ€” Lecture 1: The Basics

let's make it easier to under .

๐ŸŸขSpot trading basically means:

Buy โ†’ Hold โ†’ Sell

You buy a coin at one price and sell it later at a higher price. The difference is your profit.

๐Ÿ’ฐ Simple example

You buy $100 worth of BTC.

BTC goes up by 5%.

Your $100 becomes $105.

๐Ÿ‘‰ Gross profit = $5

But remember, trading fees can reduce your actual profit a little.

๐Ÿ›’ Market Order vs Limit Order

Market Order:
โ€œI want to buy/sell now at the available market price.โ€

Limit Order:
โ€œI only want to buy/sell if the price reaches the level I choose.โ€

Example:

BTC = $100

You want to buy at $98 โ†’ you place a Limit Buy at $98.

If BTC never reaches $98, your order may not execute.

โš ๏ธ Beginner mistakes

โŒ Buying just because a coin is pumping
โŒ Putting all your money into one trade
โŒ Ignoring fees
โŒ Trading without a plan
โŒ Chasing quick profits
โŒ Thinking every trade must be profitable

One thing I learned:

A good trader doesn't only ask, โ€œHow much can I make?โ€

They also ask:

โ€œHow much can I lose if Iโ€™m wrong?โ€

That mindset is more important than finding the next โ€œ100x coin."

(This series only for beginners )
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