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.
Your tips of advise was an awesome things dude, this may give a lot of big help to anyone here who are novice and evn for the older member here who are not yet knowledgeable in cryptocurrency. Maybe the only things which I can add on this are don't be greedy or always in hurry to earn here in a short period of time.
I agree with you, that in trading different cryptocurrency we should not be greedy and should look for a long-term earning because we are still on its early adoption on which there are many ups and downs that possibly happen and it can give us a huge profit if we are waiting in a right time to buy and sell it.