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What should you spend time doing, looking at the charts and candles, dazzling out emotions when the trade goes against you when you got little amount to kickstart is something ridiculous. Trading crypto requires you buying at every low price and not good for people without money, not excluding beginners but to experts too as well. Trading is easy especially when trader has many streams of income to diversify his earnings into crypto.
Each trader's risk tolerance is different, so don't lump them all together. If today I feel fine when a correction makes me lose $2000 - then I can assure you that it won't be okay for some other people. Having the right psychology about trading or investing is most advisable - experience will only create a strong mentality for you and it will be formed when traders and investors understand the risks.
Trading isn't just about buying low and selling high - in fact you can make big profits on trades by buying high and selling low, especially if you trade futures. There are several types of trading that you can learn - but the most important thing to understand is how to make both fundamental and technical analysis.