Follow Strictly while trading

[shasan]

There are  a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:

1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.

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[entebah]

There are  a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:

1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.

I often read these tips, but it's still hard to learn.
every point always involves emotion and this is the hardest thing to do.
Experience becomes the most decisive thing in the trade.

[shasan]

There are  a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:

1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.

I often read these tips, but it's still hard to learn.
every point always involves emotion and this is the hardest thing to do.
Experience becomes the most decisive thing in the trade.

Old is gold. That means experience play a vital role to be success on trading.

[TravelMug]

There are  a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:

1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.

I often read these tips, but it's still hard to learn.
every point always involves emotion and this is the hardest thing to do.
Experience becomes the most decisive thing in the trade.

Yeah, emotions is also one of the biggest factor to be successful in trading. That's why you will hear experience traders saying that you should throw your emotions out of the window then you enter the world of crypto trading.

Just few comments though, for diversification, it doesn't mean that you go and invest on other coins, for me it really means that you invest outside of it, like real state properties or stocks or mutual funds. As for FOMO, yes you can do it but as long as you know when to exit. Another thing, lay down your entry and exit strategy as well so that you can mitigate your risk.

[shasan]

Yeah, emotions is also one of the biggest factor to be successful in trading. That's why you will hear experience traders saying that you should throw your emotions out of the window then you enter the world of crypto trading.

Just few comments though, for diversification, it doesn't mean that you go and invest on other coins, for me it really means that you invest outside of it, like real state properties or stocks or mutual funds. As for FOMO, yes you can do it but as long as you know when to exit. Another thing, lay down your entry and exit strategy as well so that you can mitigate your risk.

Yes, if we trade with emotions we must fall. That's why we have to trade with brain/sense, not emotions.

[wxa7115]

There are  a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:

1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.

I often read these tips, but it's still hard to learn.
every point always involves emotion and this is the hardest thing to do.
Experience becomes the most decisive thing in the trade.

The issue is that even if many people agree with all the points exposed above is that it is really difficult to apply all of those concepts in the high pressure environment of trading, when you are trading you need to take decisions in a matter of seconds so all of those points should be part of your decision making process in an almost unconscious way because you're not going to have the time to go through all of those points every time that you need to make a trade.

[Moiyah]

3. Don't ne greedy.

Easier said than done but I may strongly agree with this number 3 rule. Such greed turn into mistakes and I often experienced that wrongdoings and wrong decisions because of that what you called greed.

4. Never put all your eggs in one basket. Diversify.

Playing safe in trading is very significant. That is why we have to diversify our investments, but not just one but to divide your capital in different coins for the prevention of a serious lose.

9. Always learn from your mistakes.

Definitely. There are times that we are repeating our mistakes, blaming ourselves all over again. Otherwise, we can always learn from that mistake and step forward, learn more and gain success in the future because we've finally learned from what we have done before.

[hugeblack]

These are general rules, but following them does not mean you will get a guaranteed profit.
The last rule is the basis on which you should build your investment, while the rest of the rules are subject to change.
The most important thing is that you have a specific plan and an expected profit because the price will not be All-Time-High.
It is your faith in a matter that determines how much you earn from it.

[Pamadar]

Good share OP, those things can help us inside our trading activity, knowing what is supposed to do while investing our money will give us some edge not lose that much or avoid certain bankrupt, the moment that we set up plans and strategy will teach us to be more accurate and make good decision making, emotionless trades really hard to do but if done perfectly, then bigger gains is very possible to achieved.

[bakujo0817]

There are  a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:

1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.

this is good advise but hard to follow specially for newbie on trading and for trader that using emotion on trade.

[Markyway88]

There are  a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:

1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.

Be a wise trader! That is the rule of trading. If you are wise you know how will you enter and exist in a game. Even if we know or not these following rules, if we have mentality to gain profits then we can adapt easily the environment of Crypto trading. But for sure, before we trade, we have an assurance that we can earn using putting some information in our mind.

[LogitechMouse]

These are the tips that I always hear in common and I agree with them. I will add some tips too that will help you.

1. Be disciplined in trading
2. Be emotionless in trading.
3. Have a mentor that will help you in trading.
4. Build your own strategy that will fit you.
5. Learn to hold.
6. Use some instinct in trading. You need some luck too  

[usekevin]

There are  a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:

1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.

Some of your point is good and some of them are not acceptable.The should not involved in bitcoin blindly, it will force you to lose the entire investment.If you inverse entire amount in one cryptocurrency,surely you won't get profit all the time. In the fluctuation ,you have buy at low price.Make your trade with you trading knowledge.

[arthotdog]

There are  a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:

1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.

Sounds like youre a experienced trader huh?or just making some sense but the truth is dont really know what trading is.

I have different strategy but giving me good inco,and that is 'follow your instincts 'maybe many of people here will oppose but this is how I managed my trading..b

[Mahanton]

There are  a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:

1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.

I often read these tips, but it's still hard to learn.
every point always involves emotion and this is the hardest thing to do.
Experience becomes the most decisive thing in the trade.

Common tips being said or advised almost everyday and i do see lots of similar threads when it comes to trading tips but same as you said these might sound to basic but following these traits or habits wont really be an easy one. Self discipline and determinations would be needed,you might fail on first tires but dont give up and just stick to the things you are doing.Be sustainable if you do really like to progress or succeed.

[ummart66]

There are  a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:

1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.

I often read these tips, but it's still hard to learn.
every point always involves emotion and this is the hardest thing to do.
Experience becomes the most decisive thing in the trade.

Lots of the 'tips' don't really help when reading them as well. Like "don't FOMO". Everyone knows FOMO is bad, but when you're watching a price skyrocket and you really want to get in it's way too easy to forget this tip.

I agree that experience is the most important thing. Yeah, you can remember any tip you want,, but in the heat of the moment it's easily forgotten.

In my opinion just reading some tips, and then getting into it is the most beneficial. Obviously don't play with a ton of money while you're just learning. Probably best to buy something you believe in, and use $20 or so of something to practice trading with until you feel comfortable with playing with more money.

[mronezigger]

With patience you can also be a better trader.
With advice you can also be a better trader.
Remember there is loss,so don't get emotional.

[KourtneyK]

Oh and I just want to add one thing on your list, do your research before jumping in the puddle because you will need it once you want to venture into trading. And always do your research even if you have already researched on that certain coin because you might miss out something that's new or some new updates of that certain coin you want to invest in.

[BrewMaster]

4. Never put all your eggs in one basket. Diversify.

4.1. don't confuse "diversify" with buying hundreds of different altcoins in fact it is best not to buy altcoin for diversification purposes since they are already tied completely to bitcoin price during drops only and that can mean a huge loss all around when bitcoin drops and not enough recovery as bitcoin goes back on track of rising.

[trupero_uno]

These are the tips that I always hear in common and I agree with them. I will add some tips too that will help you.

1. Be disciplined in trading
2. Be emotionless in trading.
3. Have a mentor that will help you in trading.
4. Build your own strategy that will fit you.
5. Learn to hold.
6. Use some instinct in trading. You need some luck too  

Additional helpful tips, but I want to suggest on point no 5. Not only learn to hold but also learn to sell quickly, this will need practice for at least scalper technique but it will be useful when the market is unstable. Even has been set cut loss, but faster decision will help better than cut loss. Sometimes it should aware to transaction fee, return to the market when see more certain direction of the price.