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!
Most of the advice is solid but I disagree with the fifth point specializing in a few markets or even in one is better, there are many nuisances in the markets that can make the price to go in one direction or the other and the more you trade in a market the more you know it, so trying to trade too many coins is a mistake in my opinion especially when the profits you can get with bitcoin trading are already some of the biggest profits you can get in almost any market.
I would not fully disagree with the last point in a way. Normally, except I am just extra sure of a market, I do not go more than 2% of what I have as my capital as that helps me to spread a lot of risk and then know that even if I stop loss, it would not be affecting my total asset much compared to the profit I will end up having if I end up hitting my sell target. However, based on the way he said it and based on what you have said, I slightly agree with you on just trading so many coins can have some effect trying to monitor them all at once.