✨ One of the seasoned traders who started his journey many years ago with a very small capital asked me.

Today, he has amassed a huge fortune from the crypto world. I asked him: What is the secret of your success? He simply replied: Success in trading is not complicated, but it requires patience and discipline.
📌 The first thing he advised me was "things to avoid" 👇
1️⃣ Don't enter a trade while chasing the rising price; learn to buy when people are fearful and sell when they are greedy.
2️⃣ Stay away from leverage; it is the quickest way to lose your portfolio.
3️⃣ Do not invest all that you have at once, as the market always presents new opportunities, and those who put all their capital become prisoners of their movement.
💡 Then he added the most important rules for short-term trading:
🔹 Direction is everything: if the rise stabilizes, wait for another rise, and if the drop stabilizes, wait for a new drop.
🔹 Don't waste your time and money in sideways fluctuations; it is the graveyard of traders.
🔹 Read the candles wisely: Buy opportunities come with a bearish candle, and sell opportunities come with a bullish candle.
🔹 The speed of descent means the speed of rebound, while slowing down results in slow outcomes.
🔹 Gradually enter in a gradual ( pyramid ) style, as this is a smart way to build strong positions.
🔹 After every Long period of decline comes a rise followed by volatility, and here do not look for the perfect peak or trough, just watch the changes and be quick to decide when the trend reverses.
🚀 In summary: Trading is not magic; it is a combination of patience, discipline, and knowing when to move and when to wait.
#Gate