6) Financial Pressure
Don't put your financial burden on the market if not you will have yourself to blame. What is good is that you make a term plan and stick to it. Be gradual and moderate in your pursue of profit.
7) Series of Successes
This is difficult as one success makes you want to go on and on. Know that with series of successful trade especially in a season comes with over confidence which will make you not pay attention to your rules to effectively execute trade .
NOTE: These are not rules but advise that will advance you and make you profitable.
I think this is some of the best advice that someone has given me. The major reason most people are willing to invest in or take risks in the crypto market is because they have financial pressure. The financial problems make them blind and definitely lead them to make stupid decisions. Especially because they are urged to take a step without even being aware of the real situations happening around them. People in that position are willing to take any risk to get rid of their problems, but that risk has cost them a lot.And the series of successes is the energy or fuel they get to go on. We can't say to give up after success, but be more cautious about your next move.
I think not everyone trades with such a plan because of financial stress, if one goes to trade he will definitely lose his money. Again, taking risk is most important in trading because one can never make a profit without taking risks. Due to financial problems, if one starts trading without understanding then one will never be able to profit but will always face losses. I have seen many people start trading for the greed of money but at some point they lose money which is really sad but if that person trades wisely one can definitely expect good things. But if you are starting a business, then of course the most important thing is that you continue it at first, and you will be successful once. And if you don't take risk then you can never make such profit, so it's a very good plan to take risk, but it's best to trade with small amount of money.