Topic: What have been your crypto trading experience - page 9. (Read 1060 times)
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Learn from my mistakes to learn how not to repeat the same mistakes and always carefully analyze a coin before deciding to trade. Besides that, don't be too greedy in taking profits even if the condition of the coin's movement is good because the coin's movement can change at any time. If you see a decent profit, immediately close the trade and wait for the time to enter the market again. Don't expect to get big profits every time you trade, but feel satisfied with your profits.
1. Not every trade you enter must bring profit. Expect a loss for every trade you open, however confident you are. So stop loss can be quite helpful
2. Managing risk is probably one of the most, if not the most important, aspect in trading.
3. Never use High leverage when trading (20x,50x, 100x) unless if you have a gambling mentality
4. Trade what you can afford to lose. This will help you get trading emotions in check
I made most of the mistakes through my trading years, and I am still learning from experience.
2. Managing risk is probably one of the most, if not the most important, aspect in trading.
3. Never use High leverage when trading (20x,50x, 100x) unless if you have a gambling mentality
4. Trade what you can afford to lose. This will help you get trading emotions in check
I made most of the mistakes through my trading years, and I am still learning from experience.
Accepting losses or moving forward for some trades.
I have this behavior before that is like I am marrying my altcoins or some trades which I always changing my mind where I will cut loss, this is the major mistake I have done before.
That's why before entering a trade, I always finalize my stop loss and target price.
I have this behavior before that is like I am marrying my altcoins or some trades which I always changing my mind where I will cut loss, this is the major mistake I have done before.
That's why before entering a trade, I always finalize my stop loss and target price.
Over some time, I have tried to understand and take advantage of the many possibilities in cryptocurrency trading this emerging venture has helped many to reach their goals. What is the most valuable experience that has been a guide for your cryptocurrency trading?
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