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[1].Don't Chase the market:
There is always a next opportunity in the market,
If you miss this opportunity wait for next one.
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I believe this is the common problem of traders that are starting, even me before I can admit this. The feeling of like you FOMOd and you insist on finding a good entry even you already know that it's already too late.
Not all the times you can open a trade, whether it's a short or long position.
Always remember that there are millions of opportunities ahead, capital preservation is the key.
There is always a next opportunity. This should be the watch word of a successful trader. Every candle stick is an opportunity. Every dip is an opportunity, every bull is an opportunity.
The FOMO is a very dangerous. It has made many coins dump on me and tidy I would have made x500 of the coins assuming they didn't dump on me. When you hit your daily target, exit and what for another opportunity. There must be another opportunity.
Secure profits while you can and dont ask for more or do wait for further pump because this is where mostly people do commit out mistakes on missing out those opportunity on making big profits
just because they do aim for something more which shouldnt really be done with this market where volatility is really high.You could earn big and also miss or lose big depending on your said position.
It could really totally blow up your account if you dont manage it well.All factors needed for trading should really be considered so that you would able to sustain yourself on long term durations.