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$BTC Write a post about discipline and position sizing
Regarding position sizing: limit your maximum loss to 2-3% of your principal. Do not over-leverage. We are here to make money, not to go all-in on bets. This is crucial. Only those who stay alive deserve to talk about victory. Don’t let yourself get liquidated.
Regarding discipline: for every entry point I give, you can accept a difference of 200 points or so. Don’t set it in stone. Stop-loss must be in place. You can choose not to take profits, but you must learn to set stop-losses. This is our safety belt.
Regarding take profit: for short-term trades, take profit at 800-1000 points or more and exit. No need for me to remind you to seize the opportunity.
For medium to long-term trades, set a 50% take profit and place your stop-loss at the entry price. When the break-even point is hit, exit immediately without hesitation. If not, wait for my notification.
That’s about it. As long as you strictly follow discipline, making money isn’t difficult. If you’re still confused, follow me, and I’ll guide you through bull and bear markets.