Rule number #1 in trading: Don't lose your money! 🛡️
Many traders focus only on "How much will I make?" and forget the more important question: "How much can I lose?" Successful trading is not gambling, but rather prudent risk management.
Here are 3 golden tips for every trader on Binance:
Stop Loss: Your loyal friend, never open a position without it to protect your capital from sudden crashes.
Position Size: Don't put all your money into one coin (All-in). Spread your risks to stay in the market longer.
Avoid high leverage: If you are a beginner, high leverage is the fastest way to wipe out your portfolio.
Remember: The market is always there, but your capital, once gone, may not return.
What is the biggest lesson you've learned from a loss you've experienced in the past? Let's exchange experiences in the comments! 👇
$BTC
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