Newbie traders should know that they should use the amount of money they can afford to lose to trade.
This is first lesson new trader should keep in mind because crypto is not an asset like gold or other asset and you can lose very big here. Whoever enters the market has only profit in mind, but he should think from both sides that there can be loss as well as profit.
Some people are believing that there will be no bull run again in a 4 year cycle, I am not still one of that people, I believe we are still going another round again.
I am thinking Same and we can see a bull season again in 2023 also. Starting month of this year was very good for crypto and we have seen many coins did 2x in very short of time. Fear is 50% over and now we need one big breakout of BTC to hit 30k with high volume then from here we expect big bull run of Altcoins.
If you know that you are trading and losing your money, it is better to think about this twice or three time or more before making the wrong decision that you will later blame yourself for. We are in accumulation period, try and hold and accumulate.
My advice to traders that are losing is to still continue to trade, but using just 20% while 80% should go into holding. What do you people think about this? Out of 100% fund, what percentage can you advice a trader to use?
Trading is not bad option if once has lot of experience because I know many users Whose work is only to trade and they making very good profit and infact 5 times more than holder. Suppose if you buy one token and hold . It will take saveral up and down and then reach 2x and trader job is to buy low sell high and he will make profit in every up and down.