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. Stop loss is always advisable to prevent further loss when price oppose on what you expect even me do always set stop loss into all of my trades.
2. Smaller profits but on constant basis will really be much better compared into big gains with higher risk type of oders.
3. Common sense is need, don't risk your life just using the last money you do have for living.
4. Hard thing since not all people do have this mentality on not easily giving up when facing difficulties.
5. Diversify is always at best.