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.
In general, you say the right things
But your explanation is not completely true
1.Everyone who wants to trade must understand that this is a great job
2.It is not enough to observe trends, you must learn to find the patterns of price movement
3.Crypto-currency markets are very changeable, if you start, trade only very liquid instruments (with the largest capitalization)
4.Always use a stop loss, as these markets are not controlled, the coin can fly very quickly to the bottom. And you will lose all your money
5.After you have found patterns, create a clear algorithm of actions. Before you risk real money, make a backtest for yourself, look at the available history of the trading instrument as all the entries that were in accordance with your patern
6.Learn to use mani management and risk management, it's a long time to explain, google it
7.Begin with small trading positions, you must psychologically get used to the fact that you can lose money
8.And ONLY after that start trading
Concerning the search for materials for creating strategies, look for material in the communities of traders, for example:
http://www.insiderport.com/ Or find something that suits you