binancebook
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When you’re in profit, don’t forget the Law of Large Losses:
The deeper you’re down, the harder it is to recover.
Down 33%? You need +50% to break even
Down 50%? You need +100%
Down 60%? You need +150%
Imagine needing a 3x just to get back to zero.
That’s why you should follow this simple rule:
Take profit → Pull out your initial → Let the rest ride.
I’ve had trades where I was up 100%… then down 80%.
Never recovered.
In the end, your #1 job as a trader is to stay in the game.
Lose your capital = game over.
#BinanceBook #BinanceSquareTalks
$ID $1000CHEEMS $MUBARAK
The deeper you’re down, the harder it is to recover.
Down 33%? You need +50% to break even
Down 50%? You need +100%
Down 60%? You need +150%
Imagine needing a 3x just to get back to zero.
That’s why you should follow this simple rule:
Take profit → Pull out your initial → Let the rest ride.
I’ve had trades where I was up 100%… then down 80%.
Never recovered.
In the end, your #1 job as a trader is to stay in the game.
Lose your capital = game over.
#BinanceBook #BinanceSquareTalks
$ID $1000CHEEMS $MUBARAK
ترجمة
#BinanceBook #TradingBot
This is the book that made me succeed in taking me into the world of trading, which showed me the way of #BINANCE . If you want to succeed, then first of all, learn yourself where you do not know your own words in the words of others. You can succeed.
$W
$RED
$G
This is the book that made me succeed in taking me into the world of trading, which showed me the way of #BINANCE . If you want to succeed, then first of all, learn yourself where you do not know your own words in the words of others. You can succeed.
$W
$RED
$G
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