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June 23, 2018, 04:55:21 AM |
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I think in a volatile market like the crypto market. You trade crypto as a major job, it's really difficult. It is risky to look at it as a major source of income.
Here are some experience to help you make money as trader :
1.Develop your skills. Do this today. Develop the technical and mental skills NOW so you’ll be ready when a big opportunity comes along.
2.Have at least one non-market related steady source of income you can use to pay your bills and stack “risk capital”. If you try to trade with money you need to pay your mortgage or buy food, you’ll make stupid decisions and lose money, period. Having a steady income source will also keep you from feeling like you NEED to make money by a specific date. This is a great way to force bad opportunities.
3.Wait for those high-probability, high reward-to-risk opportunities. They won’t happen on your schedule. Be patient.
4.Strike while there’s low hanging fruit. Be prepared and know when to pull the trigger.
5.When you lose either the favorable market conditions, competitive advantage, or technological playing field, get the hell out of dodge and STOP TRADING when the markets aren’t doing exactly what you want.
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