I would like to add one more point to this is time management,be consistent with your trading and always try to be available on that time always and if you are day trader then you need to be available 24/7 if you want more profits.
I little disagree with point three the patience is important for the trader but if you are a trader you need to consider FUDs too,when the price starts to fall just sell coins and buy them when the price starts to recover so it will allows us to earn money in short time.
same, i believe FUD is not something to avoid, but actually something worth to considering too. if the fud is too strong , u can take advantage of it.
like wise man say, always go with the flow
FUD news can only be good if you are well experienced traders but if you are just newbie its too risky to trade when the market is bear.
2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.
Exactly, people should invest first on their self so they will not lose so much. Traders should be more responsible because your decision is what matter's here, news can be a big factor on your trade but you must focus on your target price for bot cut loss and profit taking.