When it comes to trading and investing everyone has their own set of rules they obey. I made a list with my rules and that made me curious, what set of rules do you use?
My own rules:
- Never invest in a program that "makes money for you."
- Never buy at a sudden rise in value but wait untill the market is stabilized.
- Never have more than 20% of portfolio in one coin.
- Don't trust anyone!
- Check the sources of news.
- Know the coin! Active team? Goals? Coin supply - market cap? exchanges? ...
Basic rules but in nos. 2 and 3. Those things would really be hard since as traders we wont even know on when the market would stabilized because its never been a stabilized market since its too volatile. 20%? I don't think so that most traders would really be contented with this gain. for daily or day trading then its considerable but for long term trading I would say most people would expect much more higher.