Post
Topic
Board Bitcoin Discussion
Re: Dont break rules while trading
by
Mike Mayor
on 31/10/2019, 09:54:21 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
Absolutely agree with 1 point.Indeed having such a wide choice for investment is very difficult to adjust what is better to buy and what is better to sell.

I would rather be paralyzed to trade than to invest in something that I lose my money. If you see a truly decent investment you will do your research and not be so indecisive. A really good project will make the choice for you. I am not so sure about not trading on Friday and the weekend though. If you want to be successful you must work hard and that means working on the weekend. not trading on 3 days out of 7 is ridiculous. I do agree that you need a break to enjoy life. YOu need to enjoy some of that hard-earned crypto.