The most common mistake beginners make is treating making money as the primary goal. In fact, 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 possible outcome of this trade? Can I handle it? Never take risks that could completely wipe you out.
2. Stop-Loss is the Lifeline, Holding Positions is the Root of Liquidation You must set a stop-loss level before entering a trade. When executing, don't hold onto the illusion of "waiting for a rebound"—this mindset is the main cause of losses.
3. Light Positions Are King, Reject All-In The stop-loss amount for a single trade, with 100x leverage, should never exceed 2%-5% of your total account funds. Keeping a light position not only preserves your principal for recovery but also helps you maintain a stable mindset during consecutive losses, preventing emotions from leading your decisions.
4. Plan Your Trades, Follow Your Trading Plan Trading without a plan is gambling! Before opening a position, clearly define: entry conditions, stop-loss level, target level, and position size. After the market opens, only act as an "executor." Don't be tempted by intra-day fluctuations to impulsively place orders; eliminate greed and fear from your decision-making. Find a group of like-minded people online to share trading experiences, discuss market trends daily, and make money happily together. #BTC #ETH
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1. Survival Always Comes Before Profitability
The most common mistake beginners make is treating making money as the primary goal. In fact, 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 possible outcome of this trade? Can I handle it? Never take risks that could completely wipe you out.
2. Stop-Loss is the Lifeline, Holding Positions is the Root of Liquidation
You must set a stop-loss level before entering a trade. When executing, don't hold onto the illusion of "waiting for a rebound"—this mindset is the main cause of losses.
3. Light Positions Are King, Reject All-In
The stop-loss amount for a single trade, with 100x leverage, should never exceed 2%-5% of your total account funds. Keeping a light position not only preserves your principal for recovery but also helps you maintain a stable mindset during consecutive losses, preventing emotions from leading your decisions.
4. Plan Your Trades, Follow Your Trading Plan
Trading without a plan is gambling! Before opening a position, clearly define: entry conditions, stop-loss level, target level, and position size. After the market opens, only act as an "executor." Don't be tempted by intra-day fluctuations to impulsively place orders; eliminate greed and fear from your decision-making.
Find a group of like-minded people online to share trading experiences, discuss market trends daily, and make money happily together. #BTC #ETH