I spent a lot of effort on learning about trade. I have also experienced many psychological feelings, ups and downs, so I would like to share from the bottom of my heart some tips for beginners or amateur traders:
1. Trade only 1 pair of currency: usdt and altcoin
2. Invest in good altcoins only (1-5 crypto), focus will bring about higher chance of winning. Treat btc as an altcoin and make a speculation with it. Learn how to identify a good crypto in order to hold the coin whenever the storms come.
3. BUY ON RED- SELL ON GREEN. Spend only one third of your money on trading long down waves. Two-thirds of the money should be allocated in the downtrend cycle of this market.
3. Prepare yourself for the great crisis that may happen during 2019-2021. Before that time, you should be flexible to convert your money flow from cash, real estate to gold and valuable assets. During the crisis, we can hold diamond at junk price (for crypto and securities) and buy good real estate at low prices.
1. People have different preferences about it. If you find yourself comfortable that way and it brings you good result, then just continue. But also take time to study well how to reached the most advanced method out of it.
2. Again if you found yourself comfortable doing that way and it leads you into good result, just continue.
3. BUY LOW SELL HIGH system is easy to say but others didn't properly executed it. Why? Reasons are vary so people have to think of their own way how to deal on that properly.
4. No one knows what will happened to future. It's good to be prepared for a worst case scenario but for when it will happened, no one knows. Just have a set of strategy how will you deal on it if ever that will came. Thats your thinking so deal with it.