(D) For the risk management Don't put all your funds in one coin!! Try to divide it depending on your portfolio amount!!Hold atleast (3-8coins)!!
I tend to have only one favourite coin (bitcoin) which I hold and where I put the majority of my funds. I trade from time to time just for fun and small sums only. But if you are a day trader, I get it, you have to diversify. Even then trading 8 coins at the same time must be hard. 
Topic: Short term traders should read this - page 3. (Read 590 times)
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Although I am not a trader, they seem to me reasonable points. Have you had positive results for mid or long-term?
Thanks for sharing, useful indeed in order to survive with short term trade, learning those basic and creating good plans will make us our investment to grow, traders needs to understand that planning will work even in the short span of time, diversion and splitting your money is also a good thing to do avoiding bigger loses and being trapped if assessment goes wrong.
This is a really good strategy because it sounds very conservative. The only problem here, newbie like me usually don't know what coins to buy. Should I buy coin only at top 25 in coinmarketcap or something else?
It's a great advice, before entering the short term tarde you need to have the basic, if you don't really understand just aim for long term trading with a strong coin BTC or eth, the cutloss percentage for each coin is different, so do the research properly, and don't become panic if your trading analysis is not correct, don't do panic sell or spread any fud, follow some trading group to get some references
This is an advise cryptocurrencies traders especially short term traders. Am certain it will be useful.
As market is Very Volatile now, I can recommend to do the following especially for short term traders!!
(A)When Buying coin don't enter with whole money at once, accumulate(Buy slowly as its going dip)and Always use stop Loss in your all trades(3-5% below the Buying zone)!!
(B) Dont be Greedy, Exit trade as you earn 5-10% profit!!!
(C)Its better to keep 20-35% free btc in case of market crash then you buy cheap alts in diiiip!!
(D) For the risk management Don't put all your funds in one coin!! Try to divide it depending on your portfolio amount!!Hold atleast (3-8coins)!!
Good Luck.
As market is Very Volatile now, I can recommend to do the following especially for short term traders!!
(A)When Buying coin don't enter with whole money at once, accumulate(Buy slowly as its going dip)and Always use stop Loss in your all trades(3-5% below the Buying zone)!!
(B) Dont be Greedy, Exit trade as you earn 5-10% profit!!!
(C)Its better to keep 20-35% free btc in case of market crash then you buy cheap alts in diiiip!!
(D) For the risk management Don't put all your funds in one coin!! Try to divide it depending on your portfolio amount!!Hold atleast (3-8coins)!!
Good Luck.
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