I believe there many things we all need to understand when it comes to trading.
We all aim to get profit while trading and it turn out for some to be so and to some the other way ( lost), then I realize that there many basic rules that we don't put in to consideration which lead so many of trader in lost today.
Some choose to be a day trader and some long time , which I think are both good but different rules apply to both , in day trading you have to be active ad devote your time to do this in other not to loss your investment but in long time, all you need to do is to know when the token fall ad enter at the bottom to sell high which only require little of your time to check and set your stop lost to curb your lost .
But basically many dwell so much on holding, which I believe is good too but there rules that guide holding too while some say you sell and move on or buy another token or may be rebuy at the bottom , but many still sell and regret selling while some hold and regret holding too , which has made me realized that there is always a time to sell and time to hold.
Firstly, we need to understand some basic things in technical analysis which I think is good for trading and backup with fundamental analysis and don't forget that we have big boys too in the market , that manipulate price to their favour.
Secondly, don't have any romance with any coin , all are good only when it gives you profit ,so there is time to sell and time to buy ,with support of your technical analysis and you can rebuy again when it dip to get some more token.
I think this bear market is best time for long term investors to buy some token as little as $50 on like 5-10 coins or even 2 or 1 just as your capacity is and wait patiently for the time ,also make sure it's a good and potential token because many are out there as a scam .
Day trader have their choice to follow any of the tools to know when to get in or out by using 1h, 4h or 1d chart to determine their target but will be cool if their daily target are like 3-5% which I think is achievable on daily basis and don't always forget to set your stop lost.
I think this will help a little way for those that are new to crypto and I will like more people that know little or more on how to be a successful trader to add some advice for newbies to learn ,
