Newbie traders should know that they should use the amount of money they can afford to lose to trade.
Not only beginners, everyone should also set a standard of the amount of money they can afford to lose trading, the difference is that people who already understand trading know what to do for the next return.
We can see bitcoin at its low price, instead of some people to just DCA and accumulate, they may prefer to trade, I will advice you not to lose the coming opportunity as some people might lost in the last bull run. 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.
When it comes to altcoins I agree because conditions are difficult to predict, but it's a different matter when we choose bitcoin and there are many reasons that make us survive. Buy and hold the bitcoins that we have until we reach the cycle we want and it doesn't need much consideration because we will see the cycle in each period that occurs and I think the opportunity is in the next year.
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?
For bitcoin I still try to hold everything and no percentage on trades because I like the long term. Of course I also have to set up reserve capital to accumulate purchases when prices are low and when conditions are good I can take a buy-in approach. The 20% strategy in trading is also good when people can control and see the movement, but it's difficult for me to control and that's why I prefer long term.
For this year we can be patient and of course we hope that the cycle will go according to the previous calculation and to avoid excessive worry, we just need to be patient and wait for this process to occur.