✅ Safe Trading Checklist
Before opening a position, ask yourself these 5 questions:💛
Do I have an exit plan (TP/SL)?
I never enter a trade without knowing where I will take profit and at what point I will admit to a mistake to cut losses.
What percentage of my capital am I risking?
Rule 1-2%: Will a loss on this particular position ruin my portfolio?
Is this FOMO or analysis?
Am I buying because the price is rising quickly and I'm afraid of missing out, or because my indicator/chart has given a signal?
Have I checked the economic calendar?
Are there important data releases (e.g., inflation, FED decisions) coming up that could cause unnatural volatility?
Do I accept that I could lose this?
If losing this money would cause me panic or pain, it means the position is too large.
Golden rule: The market will be here tomorrow, the day after, and in a year. Opportunities are like buses – another one will always come. Don't jump onto the one that is already leaving the station
#CZAMAonBinanceSquare #polska #Binance #BinancePL