Post
Topic
Board Bitcoin Discussion
Re: Dont break rules while trading
by
CryptoBry
on 30/10/2019, 14:37:05 UTC
I follow some rules. Am not sure if they will work you for everyone but these are the basics.
1. Keep it simple. Once I tried to gather as much info before start trading. Many indicators, many news, vast analysis made me paralyzed to trade.
2. Avoid crypto trading on weekend and Friday too. Instead enjoy the holidays.
3. Never do Revenge trading, you will only trade whenever you have proper mindset.
4. Never love any asset, emotional trading will kill your investment.

Consider those tips as free gift, not financial advice. Always do your own research

Thanks a lot for these free tips. I would not consider myself a good and professional trader because I am just doing it from time to time. One of the things I learned so far is that one must have a clear, concise and well-defined mindset in trading (applicable to crypto, forex, stocks, gold, commodities and derivatives) because without it a person can be liken to a boat without knowing where it is going and how to get here. One area is never be greedy because if this emotion can be taking over the chance for success is getting dimmer while losing money can be magnified. The life of a trader can be a complex labyrinth and once can easily be confused and lost if one is not properly using discipline and self-control. Cheers to all traders big and small!