Knowledge is power. The saying goes right in every sense. Anyone with knowledge has more opportunity in lives and better skills of survival. The more someone knows the better it is for his own safety and future. Traders of digital coin market should be fully aware with all the rules of this profession. In addition to this, the coin they intend to trade with must be learnt in depth first.
There is really good thing when you have a lot of knowledge, seems like you are superior with everything and cannot be easily manipulated by the market, whalers, fudders, fomo, as you can think well what could be happening, you can analyze and think of some strategies without any panic. So, having knowledge not only about the market, or how to trade but about the project as well will give you an advantage.
Whales can really manipulate the market but we can minimize our losses if we have good plan trade. The plan should consists of the following: we should know our entry point, the rewards and the risks and also the cut loss point where you can minimize your losses. If you will follow your own plan, then you can high chance of winning your trades.