12 essential trading rules, based on our own experience

[Bit talk]

12 essential trading rules, based on our own experience


>>>Before buying any asset always answer to the question: “Why do I want to invest in this coin?”

>>>The market is cyclical. There is always the correction following the growth and the growth following the correction. The growth never lasts forever!

>>>Always use stop losses. If you can’t set it because of take-profit order, enable notifications to stay informed about changes of the rates. If the price fell down to the minimal level you can afford – sell it with no hesitating.

>>>Don’t be afraid of making mistakes, but avoid making the same mistake twice.

>>>Don’t buy on peak. The drastic surge of the rate doesn’t mean, that the growth will continue.

>>>Don’t allow your emotions to overtake you. Successful trading is always based on cold premeditation, risk management and careful analytics. For the adrenaline you can go to casino.

>>>Search for your own trading strategies. Learn on your gains and mistakes, track your actions with the help of trading journal.

>>> Trade on different exchanges. Don’t keep all of your assets in one place!

>>>Be extremely careful with private keys. Pay attention to phishing web-sites and malware. 

>>>Never count the profit you’ve missed. It’s better to fix small gains, than to lose everything because of the greed.

>>>Hold minimum 30% of your assets in bitcoin.

>>>Don’t trade when you are tired or emotionally down.

[charlotte04]

12 essential trading rules, based on our own experience


>>>Before buying any asset always answer to the question: “Why do I want to invest in this coin?”

>>>The market is cyclical. There is always the correction following the growth and the growth following the correction. The growth never lasts forever!

>>>Always use stop losses. If you can’t set it because of take-profit order, enable notifications to stay informed about changes of the rates. If the price fell down to the minimal level you can afford – sell it with no hesitating.

>>>Don’t be afraid of making mistakes, but avoid making the same mistake twice.

>>>Don’t buy on peak. The drastic surge of the rate doesn’t mean, that the growth will continue.

>>>Don’t allow your emotions to overtake you. Successful trading is always based on cold premeditation, risk management and careful analytics. For the adrenaline you can go to casino.

>>>Search for your own trading strategies. Learn on your gains and mistakes, track your actions with the help of trading journal.

>>> Trade on different exchanges. Don’t keep all of your assets in one place!

>>>Be extremely careful with private keys. Pay attention to phishing web-sites and malware. 

>>>Never count the profit you’ve missed. It’s better to fix small gains, than to lose everything because of the greed.

>>>Hold minimum 30% of your assets in bitcoin.

>>>Don’t trade when you are tired or emotionally down.

I already am using some of these strategies on my trading, but I have got a lot more from you, so thank you and I will surely follow this in order for me to improve more on my tradings.

[Bit talk]

Thank you charlotte04

[JoBoo]

Some very useful advice which we traders and speculators would do well to heed.

[Crypto Debate]

you wrote very well and this 12 points very helpful to all crypto investors thank you for this meritble post i don't have S marit to give you but i hope surely some will give Smarit for this post 

[ifanxu]

Everyone has a very good trading experience, but the problem is how to do it? Unless you are a robot. Otherwise there will always be break their own terms.

[deeofficialx]

The market is cyclical. There is always the correction following the growth and the growth following the correction. The growth never lasts forever! Don’t buy on peak. The drastic surge of the rate doesn’t mean, that the growth will continue.

Buying on a peak is one of most common used mistakes in a crypto-trading, especially if you're a newbie. So, his tips could help a lot more trader soon. I hope they'll come here and read every essentials in trading you have.

I am not actually a trader, I have tried. Sometimes I loss profit, sometimes there's a gain. Well, just don't be greedy, like what the OP said. A gain will still be a gain, even if it small.

[BTCwin1]

Always reserve a certain BTC.
Since BTC is the future of blockchain and cryptocurrency market, there should be some value investment.

[BIT WRLD]

thank you for sharing your experience and this 12 points are very helpful for trading/investors, more investors worried about trading and investment on coins so this post is very useful, if l have SMARIT surely provide to this post but don't have   

[doraemon_33766]

That was so helpful. Didn't know many of them. It was really helpful. Thank You so much.

[Bit talk]

Thanks and if have any experience please add new points on this post that's helpful to all

[hometester]

the same rules apply. add want-before you buy you should know when you exit the coin

[Haunebu]

Great tips op. I have been following majority of these tips and strategies ever since I joined this cryptocurrency market and I can say without a doubt that these tips truly help in a major way. The best tip among them is securing our keys and funds through advanced security measures(2fa, hardware wallets etc) which is vital in this market where scammers and hackers are all over the place. I would also like to add 'Risk only what you are willing to lose' which will help a lot in this volatile market.

[Rosyanroid]

Very useful post. These are very important to remember while doing trade. Thanks anyway.

[coinmela]

this all pots is useful for crypto traders and its meritble post but unfortunately I don't have Smarit to give this post, thank you for sharing your experience 

[Bit talk]

Thanks to all for your knowledge

[gensol]

Thank you for the rules and guides. I have gone short of most of them especially the last one. I went all in sometime last year ending and boom Bitcoin went all high and I missed the party. I have also been an emotional trader but I think am getting better now as I can have a hold of my emotions now. Am still learning though but I hope to be better and best someday and have my own trading skills that I follow and that works for me.

[JacobLiam12]

Thanks for these 12 rules. These things were very necessary to know. Great help!

[salinagomez]

Well, thank you for the informative article. This is very helpful for the investors along with the new investors in the market.

[Bit talk]

Thank you to all