Those rules is really big help to those new on trading. I f they trade it really good if they have patience and choose what coins they are buying to avoid losing.
If the traders can follow this rules and we will never feel that we are in sad. Because all the condition we have above we can solve.
We get the bad dump then no worry since the market will recovery and also dont love only one coin. Always buy some several coin to separate the risk.
Yeah, they are pretty simple and easy rules to follow, but you still always will need to be tactical most of the time as well. The market is a very volatile one and you do not want to be holding when you should be stopping loss, depending on the type of trader that you are which to me is one of the reasons why so many people always end up screwing their positions a lot in the market. If you do not have any strategy when to buy or sell, then you will be making mistakes in both ways.