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!
1 to 4 item is correct but the fifth one is seems your not really a trader because a real one is focusing only on one if not few coins. The rationale of few or only one coins is you are able to focus on your trade. In reality, day trade monitoring for multiple coins is hard. You need to devote your time and focus to become successful.