Trading XPL is not about finding the right time to buy or sell it is mostly about keeping your money safe so you can trade XPL again tomorrow. Before you buy or sell XPL it is an idea to think about how much money you can afford to lose on XPL. Only use the money you're okay, with losing on XPL and never put too much of your money into one XPL trade.
The size of a trade really matters people do not think about this enough. When you have a good trade setup things can still go wrong so it is an idea to keep your trades small this way you do not lose much money a stop loss is like a safety net, for your trade it kicks in when the market does not do what you want it to do. The stop loss helps to keep your losses small so they do not turn into losses. Trade size is important because it helps you to stay safe when you are trading.
Emotions can cause a lot of trouble without us even realizing it. Fear and greed are really bad for traders because they make us do things we should not do. For example fear and greed can make traders buy or sell at the time or hold onto trades that are not doing well for too long. Having a plan and following it is very important. It really helps. We also have to be careful, with leverage. Leverage can make us more money. It can also make us lose all our money very quickly. That is why many traders think spot trading XPL is safer especially when the market is not doing well and it is hard to know what will happen next.
Good risk management builds discipline and confidence over time. In the long run this matters far more than any single winning trade.