Re: 7 Things have to do to become a Good Crypto Trader

Quote from: Pamadar on June 15, 2020, 02:39:34 AM

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

Hello Everyone !!

So, Here are the Few Tips or Say Rules that Which i would like to share with you !

I know many of you might be knowing it already for sure , but I don't know how much of you guys are following it !!😄

I only have on these 7 advises to comment for because it is important to be imposed and tackled .

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1 ) Never Go With Full Amount in Single trade ! We can never be full Sure, Whatever the TA/FA is, it doesn't matter !!! Never invest More than 10-15% of your total Portfolio in Single trade ‼️

i don't think that there are still stupid trader that Putting all their money in single currency?because diversifying or at least saving other amount to make trade in the next days.

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3 ) Never Go for Revenge Trading : I have seen many times that when Even a Small loss happens, many of us will just go with double Amount in next trade just because we can't accept loss & wanted to recover that with injecting double Amount ! It's really Silly Boys !! How you can be sure that your that trade will go on perfect way 100% Huh

Nope that is a gamblers attitude.

I have some friends that doing that but majority never chase losses because this is more than risky to do.

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5 ) Apply Stoploss & Trail it whenever coin goes up ! I will advise you that whenever any of our call / your trade goes 4-6% Up bring your stop at Entry & Secure some Profit then keep raising Your Stoploss with Raise In Price of that Coin !✅

Lol stop loss is not applicable at any time,because there comes a instances that we cannot apply this when we are doing other strategy like artbitrage .

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6 ) STOP DIGGING IF YOU FOUND YOUR SELF IN A HOLE ! It means Don't just keep adding your funds On losing Position Just with a hope that It Will Turn Around & you will become a Fucking Rich !🚫

this is like chasing losses,we must not do such a thing if we want to be successful in trading.

You are right we should not chase our lose in trading because it is a risky thing to do I you once Los some money to un can not get it back but try with new strategies and don't follow other people way of trading as everyone has their own rules and own business to get the best in trading. Never panic better trade for the long term when you start teasing at once as time will make things better you get more profit.