Summary: 5 golden rules (save themโyouโll need them).
01- Donโt enter without a specific stop loss
Stop loss is not an option; itโs a safety belt. Without it, youโre committing financial suicide.
02- Donโt risk more than 2% per trade
Even if you lose 10 trades in a row, you still have 80% of your portfolio left. You can recover.
03- Two consecutive losses = close the chart
After two losses, your mind shifts from being a trader to a gambler seeking revenge. The market doesnโt treat gamblers kindly.
04- Leverage is a weaponโdonโt use more than 5x
20x leverage means 0.5% against you = liquidation. Can you tolerate losing everything from a 0.5% move?
05- Donโt trade out of revenge, greed, or FOMO
Revenge, greed, and fear of missing out. These 3 emotions have destroyed more portfolios than the drop itself.
Trading is a marathon, not a 100-meter sprint.
Itโs not the fastest who wins, but the most disciplined, patient, and consistent.
Save this post and come back to it every time you feel like breaking a rule.
$MOVR $QNT #TradingRules #BinanceSquare #CryptoTrading #Discipline