Crypto Trading

Are you a Crypto Day Trader?

If yes, here's a reality check for you: 

• Develop a trading strategy that suits you, and stick to it.
• Identify your unique edge in the crypto market, and exploit it.
• Never risk everything on a single trade.
• Set your risk-to-reward ratio to maximize profits while managing risk.
• Protect your hard earned capital at all costs.
• Before starting live trading, test your strategy with demo or paper trading to be sure your strategy works.
• Keep your emotions in check, and avoid impulsive decisions.
• Create a watchlist of promising cryptocurrencies to track.
• Monitor your trades closely, and make adjustments accordingly if the need arises. 
• keep record of your trading journey in a journal (digital or physical) to reflect on your progress.
• Don't let FOMO (fear of missing out) cloud your judgment.
• Minimize losses by cutting your losses quickly and moving on.
• if you take profits quickly then you should minimise losses quickly. 
• Keep an ey…

This handle is an educational hub 👍🤴