Topic: 8 Rules of Crypto Trading That Helped One Trader Go from $1k to $46k in Less Tha (Read 64 times)
December 28, 2020, 06:05:55 AM
Very good list that can help a trader to be successful. But without discipline, you will keep falling short and breaking the rules. How much can you afford to lose? How less greedy can you be? Answering these questions with honesty is the first step in following the steps.
December 28, 2020, 04:42:01 AM
Very short list but difficult to apply.
Those are simple tips, I cannot say they are rules, I think it is much better to say that those are advices or tips only.
For me, the #2 and #3 got some complicated here since some people may advice to focus only to Bitcoin or never diversify, I believe on it since this past price move of Bitcoin from 10k upto the current price, you may more profitable if you only hold or bought Bitcoin.
Those are simple tips, I cannot say they are rules, I think it is much better to say that those are advices or tips only.
For me, the #2 and #3 got some complicated here since some people may advice to focus only to Bitcoin or never diversify, I believe on it since this past price move of Bitcoin from 10k upto the current price, you may more profitable if you only hold or bought Bitcoin.
December 27, 2020, 04:29:12 AM
From the little experience am having when it comes to trading even as a expert you have to follow all this rules you just listed above or you end up losing your money and might even affect you physically!!!
1. Always make sure you invest what you can avoid to lose because cryptocurrency is just probability there is not assurance that you will make profits.
2. You have to pay attention to bitcoin because almost all altcoin are controlled by bitcoin so when bitcoin is dumping make sure you don't buy any coin at that moment, wait till bitcoin is stable before you start buying coin.
3. Make sure you don't always invest in one coin there are lots of good projects and profitable projects so always make sure you don't buy only one coin.
4. When trading in Cryptocurrency you don't have to be greedy always know when to take your profit and leave the market that's why you need to always use stoploss.
5. Don't just invest in blindly make sure you have don you research and know more about the coin you are investing on before investing.
Am still also a learner but I hope my righup will definitely help.
1. Always make sure you invest what you can avoid to lose because cryptocurrency is just probability there is not assurance that you will make profits.
2. You have to pay attention to bitcoin because almost all altcoin are controlled by bitcoin so when bitcoin is dumping make sure you don't buy any coin at that moment, wait till bitcoin is stable before you start buying coin.
3. Make sure you don't always invest in one coin there are lots of good projects and profitable projects so always make sure you don't buy only one coin.
4. When trading in Cryptocurrency you don't have to be greedy always know when to take your profit and leave the market that's why you need to always use stoploss.
5. Don't just invest in blindly make sure you have don you research and know more about the coin you are investing on before investing.
Am still also a learner but I hope my righup will definitely help.
December 25, 2020, 09:47:57 AM
1. Only invest what you can lose.
2.Always pay attention to Bitcoin.
3.Never put all your eggs in one basket. Diversify.
4.Don't be greedy.
5.Don't invest blindly.
6.Don't FOMO.
7.Categorize your investments and look at the long picture.
8.Always learn from your mistakes.
2.Always pay attention to Bitcoin.
3.Never put all your eggs in one basket. Diversify.
4.Don't be greedy.
5.Don't invest blindly.
6.Don't FOMO.
7.Categorize your investments and look at the long picture.
8.Always learn from your mistakes.
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