FOR NEW TRADERS📊
I'M TEACHING YOU HOW TO TURN 10$USDT INTO 100$USDT, ALL WITH: (GOOD CAPITAL MANAGEMENT💵).
First lesson in crypto trading.
If you're a new trader, the first thing you need to know is about (capital management). In the first 6 months or one or two years, you just need to survive in the market and keep your wealth intact. After one or two years of survival, then your real journey begins. Many people give up at this point. The only way to survive in this market is to know about (how to manage your assets), the capital management formula.
Total Capital (Multiply) risk1/100
=position size (multiply)
Leverage (multiplier)
Stoploss 1/100
If your capital is 1000$.
1000$ (m) 1/100 = x(m) 10(m) 1/100 = 10$ = x(m) 1/10 10$ = x/10 x = 100$
What does this mean?
If you have 1000$ in assets, you can only transfer 100$ to your futures account. And if you want to open a position, you should open it with 10$ with a stoploss of 5$. If you get penalized for each position, you'll lose one percent of your total capital.
At the beginning, you should work consistently to gain more experience and familiarize yourself with the market cycle. The more you work, the more experience you'll gain from the market.
The last thing I want to say is this: you can't succeed in this market without capital management, risk management, and emotional management. Comment for more lessons. If I see responses, I will continue.
Remember: The job of a pro trader is to make their money
$USDC work by correctly managing their capital. With this in mind, I encourage you to educate yourself and seek any information that helps you reach your financial goals...
FOLLOW ME🚶 AND LEAVE YOUR LIKE👍 AND LET'S KEEP GROWING TOGETHER💲
#TradersLeague不用我说吧 #tradersleaugue