1. Do not be in haste. That is the reason people think of day trading and lose
2. Having it in mind that it is better to earn little than to lose big all because you want to earn big
3. Average instead of martingale. An example of this is if you have $1000 for trading, you can begin with $200 and always be satisfied with the profit. But it you are losing, you can add $200 to it and so on to help you increase the chance of making money as it will make the market price get near to the price you bought the coin.
4. Be careful of altcoins. Although I trade altcoins but I use very lower amount of money for it. They are very dangerous.
I think this is a well detailed information about knowing when to trade and when not to, and also to understand every angles around it. I solely agree to this and I believe adherence to this can actually amounts to a limits of loses and knowing fully well how to handle every aspects that creeps in while trading. I know most times alot of traders are always at the brims of making the money quickly but failed to understand what's involved and follow the process and again since we don't plan to get a loss this year I believe one should embrace this procedures and help to minimize Losses while trading.