Dear brothers
Information that may change the way you deal with the cryptocurrency market
Many enter the market thinking that the secret is in choosing the best currency
While the truth is that the secret has always been in capital management and the way of thinking before anything else
Today I would like to share with you an important point that most traders overlook:
The market does not punish you for making mistakes
But the market punishes you for repeating the same mistake.
Most losses that occur are not due to analysis or direction, but because of three dangerous habits:
Entering with the entire capital
Once in a single trade, and if it goes against you, everything is over
Dividing capital is not a luxury
But a basic law
Holding onto a losing trade
Most of us have been through that moment where it might go back up
But the market does not listen to our wishes
The stop-loss is set to be used, not just to be observed
Entering out of boredom or excitement
The worst trade is the one that comes without a plan; if you are only in because the market is moving, you will likely exit with a loss
A simple and practical secret:
Every trade has three numbers that you must determine before you hit buy:
Entry price » Exit price with profit » Exit price with loss.
If one of these numbers is missing
Then this is not a trade but an adventure
In the end
The market is not a place for speed but a place to understand oneself before understanding the chart
And every day you learn something new is a day that brings you closer to being a real trader, not just a trial-and-error person
And we ask Allah for success and guidance