I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.
First of all, leave day trading to the bots! Go for longer term trades on recently heavily dumped coins. Don't diversify too much, and don't buy small amounts of a lot of coin. You will end up only with scraps. Concentrate on few well researched coins instead. Hunt down coins with solid, new technology and buy the dips.
And stay away from pump groups. The good ones are closed clubs with rather high buy-in price.
Good suggestions but he can actually make day active trades but depending on how much time he would put up into trading.If time is to hectic then better go for longer terms when it comes on trading cryptos and as being suggested don't diversify too much and it much better to have a few coins but on solid ones rather than on have many but on weaker or doesn't have any potential for long term.This would really matter on how a certain individual would do its just like on researching up important things.
In my opinion, you need to read books and news, watch videos and seek advices from someone who are expert in trading. With that, you can learn the best techniques and strategies from their experiences. When trading Bitcoin, it really depends on your goals, either short or long term. As I have noticed, most of the successful traders in Bitcoin, they go for a long term strategy. As you notice from early this year up to this day, the price of Bitcoin is keep on increasing and if you do hold your BTC, you are now earning much income. Just read the forecast about Bitcoin so that you can make plans. Don't be so impulsive about anything just be calm and think clearly. Don't listen to many people who says without any basis. Just believe in your plans and strategies since you will be the one who will take the risks and not them.