1. Never sell because the price looks high. For example, if you look at it from 10 to 20, what should you judge at this time is what is preventing them from 20-50?
2. Similarly, don't buy directly because of the high price in the previous period and a lot of drop. The decline is justified.
3. Never equalize the loss in your current account, as there is a high probability that you will lose more.
We are already in a fickle market, and more often there are no rules to follow, but setting up some own trading rules will reduce my losses.
Your number one rule in what to keep in mind, I don’t know if I really agree with that. Well, I’d say it all depends on what you’re looking for. I think investors should have a target, and when the market is way high above that target maybe it’s good to hit the sell button, but not sell all your assets at once. You can still hold some of the assets in case the market should continue with the uptrend.
There is no need to be in a hurry, and you have to also analyze and be sure that you’re doing the right thing. And follow your results and not your emotions. Then it’s very important to be aware of market changes. If you’re an investor you should be aware of what’s happening in the market you’re investing your money in. Some developers can decide to make changes at anytime, and if you’re not aware of it, you will be left behind.