1. Have a clear target and a clear stop loss
Remember: trading doesnt need emotions; only reason and rationality. And you just cant ignore discipline.
2. Sometimes its better to take a small percent profit per position (especially during the bear market). Yes, you will need to make more positions for significant gains, but the guarantees of the success will be much higher. The truth is that the best traders in the world aim for small and consistent profits. They know this is the only way to success.
3. Do not trade with money that you need for living expenses. This is called "risk capital" for a reason.
4. Don't be a blind bull. ALL markets are cyclical. Don't be afraid of failures or failures on the market - this is where you can earn more money.
5. Dont go for one coin, but invest in multiple currencies. That way youll spread the risk. In our CryptoMaker Premium channel we post 3-6 actual signals daily just pick any several coins you prefer and invest. Happy trading!
These are very key trading principle one can actually keep if you what to be among the professionals traders not only in cryptocurrency but also in stocks and commodities. One of the principle I wanted to build during my forex trading and which breaking it killed my trading carriers is trading with money that I cannot really afford to loses. Most times I collect money from people for investment into forex trading and whenever I make some loses I will be thinking on how I can pay those people they money and that affect me negatively.