You started to invest? 5 tips how to not lose all your money in the crypto rush

Hemady17

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Quote from: Ferdinand Thomas on April 29, 2018, 02:05:18 AM

Adrian Gallo has 10 years of experience in day trading and shares some valuable tips on investing and trading

https://medium.com/midas-app/that-is-why-you-fail-master-yoda-151c6c13cfa9

Nice post OP; number 1 item is so true in my own experience. I was once good trader before I learn the technical analysis tools. I have more wins before then suddenly my wins decline because I rely too much on TA. I will lessen my dependence on TA, I will try to reboot my strategy and will improve it next time.

kimochidesh

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The most important thing which should be taken care of if you do not want to lose all your money in crypto is that never invest more than what you cannot afford to lose. Then, invest in any coin after doing the research and study about it. Remember to diversify your investments. This will reduce your chances of experiencing loss. Your emotions should not play any role in your decision making regarding trading.

hugeblack

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Quote from: https://medium.com/midas-app/that-is-why-you-fail-master-yoda-151c6c13cfa9

4- Do not follow buy or sell recommendations of the media

We always contradict ourselves in these terms. Cheesy

I believe that trade needs patience and it is not for everyone. So anyone who is afraid to lose should move away from this market and begin to get less risky investment.
All the tips are useful, and the most important advice is " Do not risk your money by investing more than you can lose."
6. Rule your mind and think twice

mobnepal

legendary

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Great tips for almost every day trader...although article looks like media bump for the token sale of midas Grin

Quote

TOKEN SALE INFORMATION COMING SOON!

I know about etoro where we can follow other high performing traders, how midas is different than that?

traderethereum

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Vave.com - Crypto Casino

I think if you decide to invest in many aspects and not just in crypto, you don't need to be a worry about the price because the investment is for a long-term and not short-term. and if we invest in cryptocurrency, it means we want to see that what we invest will give a big profit in the long-term but unfortunately, many people missing this and they cannot hold their coin for any longer and they become panic because of the price is down. and if they are really used crypto for their long-term investment, then they will stay calm and manage their emotion if somehow they see the price is moving in out of their prediction because, in crypto, everything can happen.

k_kuchkarov

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No matter how many years of experience there is in man
At this time, no experience will help
Since all this passes for the first time!

Awesomus Maximus

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Very useful tips. The author seems to go against some established "rules" you can hear everywhere, like "use trading indicators", "trust the gurus", and so on. I find his tips refreshing and really compatible with some common sense we should all have while trading. Thanks for sharing.

Ferdinand Thomas

newbie

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Adrian Gallo has 10 years of experience in day trading and shares some valuable tips on investing and trading

https://medium.com/midas-app/that-is-why-you-fail-master-yoda-151c6c13cfa9

Topic: You started to invest? 5 tips how to not lose all your money in the crypto rush (Read 150 times)