Im selling an iPhone here and asked for a loan so I can start my trading journey (hopefully soon)
Don't loan money to trade because it will increase pressure that you must gain profit to pay loan interest at least and you will have bigger risk to make bad trades.
but the trading strategies got me thinking. How well do you define that for yourself? Or think about it? write down or on the wall or whatever?
You should have your trading strategy, write it down, stick it on wall or pin it on your desk but it is not enough. Newbie traders will forget about their plans easily as emotion will put them into uncertain mood and they change plans.
This is my knowledge on Trading Strategies. There are several types of crypto trading strategies, such as day trading, range trading, scalping, high-frequency trading, dollar-cost averaging, and arbitrage trading.
Dollar cost averaging is more helpful for investment, not trading. With trading, you must cut loss and wait for other chances. If you don't cut loss, just hold and use DCA, you will get temporary loss and if you no longer have new capital for DCA, you lose.