The easiest mistake beginners make is to prioritize making money. Actually, the core of trading is to stay alive; as long as your account is active, there are endless opportunities. Before opening a position, ask yourself: What is the worst outcome of this trade? Can I tolerate it? Never take risks that could completely force you out of the market. 2. Stop-loss is the Lifeline, Holding Positions is the Root of Liquidation Set your stop-loss level before entering the trade, and don’t indulge in the illusion of “waiting for a rebound”—this mentality is the main cause of losses. 3. Light Positions Are King, Reject All-in The loss amount on a single trade must not exceed 1%-2% of your total account funds. Keeping positions light not only preserves your capital for a comeback but also helps maintain a stable mindset during consecutive losses, preventing emotional bias. 4. Plan Your Trades, Trade Your Plan Trading without a plan is gambling! Before opening a position, clearly write down: entry conditions, stop-loss level, target level, and position size. After the market opens, only act as an “executor”—avoid impulsive orders driven by market fluctuations, and eliminate greed and fear from your decision-making. Three key trading principles: do not fear, do not be greedy, do not chase rises or sell falls. If you can follow these three rules, your chances of making money are much higher. For brothers and sisters who want to trade on their own, learn some technical skills, understand when the market is about to reverse. I’ve created a course myself, hoping it will help you. If you want to take the course, leave a message in the live room. #BTC #ETH
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NoWhale
· 12-12 09:06
Everyone understands the truth, but unfortunately, greed and inability to control oneself lead to more losses than gains. Unsurprisingly, I am one of those greedy and impulsive people😂
1. Survival Always Comes Before Profit
The easiest mistake beginners make is to prioritize making money. Actually, the core of trading is to stay alive; as long as your account is active, there are endless opportunities. Before opening a position, ask yourself: What is the worst outcome of this trade? Can I tolerate it? Never take risks that could completely force you out of the market.
2. Stop-loss is the Lifeline, Holding Positions is the Root of Liquidation
Set your stop-loss level before entering the trade, and don’t indulge in the illusion of “waiting for a rebound”—this mentality is the main cause of losses.
3. Light Positions Are King, Reject All-in
The loss amount on a single trade must not exceed 1%-2% of your total account funds. Keeping positions light not only preserves your capital for a comeback but also helps maintain a stable mindset during consecutive losses, preventing emotional bias.
4. Plan Your Trades, Trade Your Plan
Trading without a plan is gambling! Before opening a position, clearly write down: entry conditions, stop-loss level, target level, and position size. After the market opens, only act as an “executor”—avoid impulsive orders driven by market fluctuations, and eliminate greed and fear from your decision-making.
Three key trading principles: do not fear, do not be greedy, do not chase rises or sell falls. If you can follow these three rules, your chances of making money are much higher.
For brothers and sisters who want to trade on their own, learn some technical skills, understand when the market is about to reverse. I’ve created a course myself, hoping it will help you. If you want to take the course, leave a message in the live room. #BTC #ETH