Quote from: carter34 on May 05, 2020, 09:02:18 AM

Quote from: UrEspasito on May 04, 2020, 04:19:05 PM

1 ) Never Go With Full Amount in Single trade !

2 ) Accept Losses !

4 ) Don't Try to get Rich Quick !!

5 ) Apply Stoploss & Trail it whenever coin goes up !

These are important for a trader. I see two points all together here as number one and four are saying the same thing. Also number two and five are same two.

Before a trader becomes successful, he or she needs to understand the above points stop loss helps to get you back to trade when you lose the first call order. And if you don't try to get rich faster, then you won't go in with your full amount in a single trade.

The first rule in crypto trading is take it easy day by day, you don't need to rush things and become rich quickly. You just need to take it slowly but surely, you will never attain anything in your life if you just keep on hurrying up. It is necessary for you to think critically and evaluate the market so you don't experience losses and sudden shrinking in your investments.

You just need to take your time and spend your time thinking of possible strategies that will become more effective depending on the market circumstances. Also, you should learn to accept failures and losses because in that way, you will learn and realize your mistakes so that you will grow more and avoid those mistakes to occur again.

Also you need to evaluate risk and practice risk management, we all know that cryptocurrency is risky to invest but it will really give you reasonable and huge amount of profit compared to other investments. You just need to comprehend that nothing is instant and you need to deal with the reality of the market and investments.