Dont break rules while trading

[ReiMomo]

yes I think every trader has their own trading rules that have been believed and carried out. I myself trade principles and invest as much as you can afford to lose. and I also always do research before buying or selling coins. and the last thing I always principled is not greedy I will not wait for the price of coins to go up high to sell. when the coin has increased 30% I will sell and take profits.

Have their own perspective rule and that is right. But they had the same point that able to discipline their selves from emotions.
Good and perfect timing is the most important rule in trading for me, because it gives an accurate result and possible gain profit when you apply rules. OP has given his own rules and I think there are need to be added but at least it gives an idea to those who wanted to start in trading.

[1714103040]

1714103040

[1714103040]

1714103040

[1714103040]

1714103040

[1714103040]

1714103040

[Aying]

I follow some rules. Am not sure if they will work you for everyone but these are the basics.
1. Keep it simple. Once I tried to gather as much info before start trading. Many indicators, many news, vast analysis made me paralyzed to trade.
2. Avoid crypto trading on weekend and Friday too. Instead enjoy the holidays.
3. Never do Revenge trading, you will only trade whenever you have proper mindset.
4. Never love any asset, emotional trading will kill your investment.

Consider those tips as free gift, not financial advice. Always do your own research

This rules give me a strategy for my daily trading and add some analysis. everyone has their own rules in trading but for me I observe much more in a day to keep my investment at balance. I'd rather not choose so popular at talks projects. I am focusing on coins to trade that focusing on their improvement. services, products and price. whether do you have your own scrutiny on market and have more knowledge. a wiser and smarter trader will always win in not losing much more funds. moderate it all and know every single move.

[livingfree]

~

Yes. Always try to make your trading rules simple. Do not depend more on varied news and analysis because this will only create confusions when trading. Trade only if you have a positive mindset and everything good will follow. And it's a good thing if you take a break from trading during holidays so you can spend more quality time with your family.

I've done that and very much happy to be with them. But most of the time, I'm not with them because of having an always busy schedule with appointments and other work related stuffs that's why, sure it's a worth holiday as usual.

I do sometimes depend on the news and that makes me feel that I'm dependent on them but sometimes I'm not. Well, we can create those rules that we can usually follow but never forget that you're doing it to make money not to be broke.

[AicecreaME]

I only have two rules:

1. Buy low.
2. Sell high.

Unfortunately, I tend to break the rules often. I hope everyone else does better.

Simple and Basic, though it is better when you know how to predict when will the market gets low to execute that Buy plan, and that goes also the same on Selling plan, that what makes Trading feels like you are a CEO of your own company, you do all the complicated stuffs to earn as much money you wanted whenever you wanted.

You support yourself, you make plans yourself alone, you boss yourself around.

[Slow death]

I follow some rules. Am not sure if they will work you for everyone but these are the basics.
1. Keep it simple. Once I tried to gather as much info before start trading. Many indicators, many news, vast analysis made me paralyzed to trade.
2. Avoid crypto trading on weekend and Friday too. Instead enjoy the holidays.
3. Never do Revenge trading, you will only trade whenever you have proper mindset.
4. Never love any asset, emotional trading will kill your investment.

Consider those tips as free gift, not financial advice. Always do your own research

Trading is something that forces one to have knowledge and practice, in my case I only make one trade per day and sometimes when the market is very volatile I prefer not to trade. I also define my stop loss and my target profit. Once I get some loss I stop trading and I trade again the next day, but I trade every day, I don't care if it's weekend or not

I only have two rules:

1. Buy low.
2. Sell high.

Unfortunately, I tend to break the rules often. I hope everyone else does better.

It is necessary to have basic knowledge of technical analysis and fundamental analysis, one needs to know where is the support and resistance and the patterns of up and down trend changes in order to buy and sell.

[nydiacaskey01]

I follow some rules. Am not sure if they will work you for everyone but these are the basics.
1. Keep it simple. Once I tried to gather as much info before start trading. Many indicators, many news, vast analysis made me paralyzed to trade.
2. Avoid crypto trading on weekend and Friday too. Instead enjoy the holidays.
3. Never do Revenge trading, you will only trade whenever you have proper mindset.
4. Never love any asset, emotional trading will kill your investment.

Consider those tips as free gift, not financial advice. Always do your own research

You missed the most important part of trading and that is set a target/goal. If you bout your token at $5 and you want to let go of it once it reached $7, better stick to it no matter what the market condition is. This is the reason why there's a of traders out there who gets trapped holding a coin that reached its peak but held on to it and price dropped like a fly. Nut if you stick to the plan and sold it while price is still good, you are going to enjoy the fruits of your labor.

[GideonGono]

I follow some rules. Am not sure if they will work you for everyone but these are the basics.
1. Keep it simple. Once I tried to gather as much info before start trading. Many indicators, many news, vast analysis made me paralyzed to trade.
2. Avoid crypto trading on weekend and Friday too. Instead enjoy the holidays.
3. Never do Revenge trading, you will only trade whenever you have proper mindset.
4. Never love any asset, emotional trading will kill your investment.

Consider those tips as free gift, not financial advice. Always do your own research

Trading is something that forces one to have knowledge and practice, in my case I only make one trade per day and sometimes when the market is very volatile I prefer not to trade. I also define my stop loss and my target profit. Once I get some loss I stop trading and I trade again the next day, but I trade every day, I don't care if it's weekend or not

I only have two rules:

1. Buy low.
2. Sell high.

Unfortunately, I tend to break the rules often. I hope everyone else does better.

It is necessary to have basic knowledge of technical analysis and fundamental analysis, one needs to know where is the support and resistance and the patterns of up and down trend changes in order to buy and sell.

Also how can you sure when you sell your token at high price if you choose a right coin? Right? How the trading works if you cannot recover your money first?