LiteFinance
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▪️ 20 years in the market, over 3 million traders!
▫️ Investing made simple with cutting-edge technologies.
▪️ Start copytrading today: copy top traders' deals and earn profits effortlessly!

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📱 Your phone dies, and you can't open your crypto wallet. How do you get back in? This is where the seed phrase you saved when setting up your wallet comes in.

A seed phrase is a sequence of usually 12 or 24 words that lets you restore access to your crypto in a compatible wallet. Keeping it safe is essential, as notes apps and cloud photos could leave it exposed to others, while a paper copy could be damaged by water 🔐

Our new article explains how crypto seed phrases work and how to store them securely.
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🎯 A stop-loss should be placed where your trading scenario is no longer valid.

If it’s too close to the entry price, a normal market fluctuation may close the trade too early. First identify the level that invalidates your setup, then calculate your position size based on your risk.

👇 Where do you usually place your stop-loss?
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🙊 Nothing makes an experienced trader leave the chat faster than these three phrases.

Take a look and see if you recognize any of your own trading habits, from averaging down to chasing 100x gains 😅

What would you add to the list? Let us know in the comments 💬

🚀 Trade Smarter 🚀
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