1. Position is the most important thing
2. Always set the profit/loss ratio above 1:1 (2:1, 3:1)
3. Always set stop loss below 10% of the account
4. Do not borrow, deposit too large (under 25X is safe)
5. Do not leave orders overnight
6. Adjust emotions when entering orders. If you lose, remove the other bets
What is the point of this post? Do you really think you can take any person from the streets, give them this advice and they will start making money with trading? There are lots of people who read multiple books about trading, read articles, blogs, watch videos, take courses and they still lose money with trading.
People who try to get rich quick tend to get poor quick when it comes to crypto.