My advice for all traders is years of long experience
$SOL I have lost around more than 10000 dollars, for the almighty God that there is no trade, profession, or job that generates the same as trading, but draw a thousand lines below, but...
1/Don't start without learning the fundamentals of trading first from a trader who teaches you the basics, how leverage works, how to buy, when to buy at the lows and when to sell at the highs, and how to know the resistances and supports.
2/Start with small amounts that do not affect your psychology if you lose. Accept that a small profit is better than losing your capital. Profits with repetition, even if small, accumulate. Leave behind greed and also fear, and stay balanced in your behaviors during trading.
3/Know that trading is not something simple, but rather a science like studying medicine or engineering or any field that requires time to learn. Do not complain about trading if you are the cause of the loss by making mistakes like the failed doctor who causes the patient to die.
4/Trading has plans and strategies that beginners do not know until after some time, such as classic trading, hedging, and currency trading against currencies.
5/Anyone who enters the field of trading must know that they have to pay the price of their education, just as they pay to study and learn in any field. Here too you must pay the price of your education, and the clever one is the one who pays that price but at the lowest cost.
6/Whoever thinks that platforms rain gold and silver is mistaken. Even the great professionals lose, but what differentiates a professional from a beginner is sometimes coming out with the smallest losses, as the market is very volatile.
7/Through my teaching of trading and its practice over the years, I realized that 90% of repeated losses are due to over-leveraging your account beyond its capacity, and capital weakness makes you either liquidate or close with losses, and then the price goes back up.
8/The market requires practice and daily monitoring so that you are aware of the prices of coins and their fluctuations, and also to follow the news. Before buying, you must know at what price you bought and at what price you expect to sell. Keep your dreams realistic.
9/Never enter trades with greed and never sell out of fear. Use the DCA staggered buying method.
And be careful not to chase candles; enter at a good price and ensure that the margin is strong. Do not set a stop-loss if you entered at strong support, as often the price touches stop-loss areas, especially if it is close.
10/To conclude, Binance is a very large platform, and the clever one is the one who captures the extreme lows. Additionally, my advice is to not follow all coins, stick with your favorites and know their peaks and lows; 20 or 30 coins are better than following all that are in the stormy ocean.$SOL #sol板块
