hi guys, i'm new in the world of crypto.. i'm studying hard technical analysis every day for several months , but i would like to start with trading, i learned the technical base, but i need to trade cause i'm unable to use what i learned. i want split my money in long term and day trading. do you have some link that explain the most used strategies for day trading in crypto market? thanks
Newbies must study, study carefully before you can start with trade. But most new people are not so, with the psychology always want to win but not tinkering, research, analysis, then blamed why we are losing.
Next, you have to know Stop Loss. Many investors are afraid to cut losses, do not know why but they really do not want to accept the truth before. Their psychology gradually falls into a state of panic, and "pour oil into the fire," they do not cut holes when the price fell but added more money to give more, they keep hoping the price will turn. come back. Obviously, the bad thing will come very high.
Be aware that once you have dropped it will be difficult to get back up, even if you wait for it to return to the old peak, it will be very long, maybe 3 to 5 years. Do not be afraid to cut holes, because the opportunity in the other coin is very much.