10 CryptoTrading Tips — Guide for beginners (2020)

10 CryptoTrading Tips — Guide for beginners (2020)

1) Only invest what you can afford to lose

Is bitcoin a young market with a great future or just a bubble ? Nobody knows. Don’t be crazy and play safe. Don’t risk money you can’t afford to loose. Always be aware of the risk.

2) Respect the $BTC

For us, the only interest for Trading Alts is to accumulate $BTC. Forget the flipenning for the moment. The Flippening” refers to the possible future event when other coins overtakes Bitcoin. Respect bitcoin, it’s the king of the party. $BTC can break old $ALTs pattern in hourly move.

3) Great entry is the emotional key

When you make a trade, you focus on the profit. Best way to find a great profit to risk ratio is to respect an entry. Don’t FOMO due to a green candle. Respect our strategy, and buy on technical indicators. Sometimes, $BTC volatility is the best way to touch our entry.

4) 10 % is the new 1000%

Stay away from 2017 charts. 100 % in a day is possible when manipulation but you are not a whale. Stay calm, 10 % for a little fish seems better than your yearly high with your banker. Protect your capital is the key.

We are not psychanalysts, but which do you prefer? To miss a 100% pump after protecting first 10 % or to loose your first 10 % gain expecting a 100 % move ? You got the answer …

It’s better to surf 10 small waves than to wait for a big wave which will never come. In addition success spiral is essential in crypto trading.

5) Protect your capital : use Take Profit & trailing Stop Loss

It’s essential to protect your capital, limit losses and increase gains. Never sleep without a Stop Loss or Take Profit.

Trailing Stop Loss

The Trailing Stop Loss, TSL, is a feature that is designed to help you follow the uptrend and protect your earnings. System adjusts your Stop Loss price every time the price touches a new high. If prices goes up, your SL goes up.

Example : buy at 1000 with target at 2000 with 2% Trailing SL

• Price reaches 1000 & goes down : you sell → 1000–2% = 980
• Price reaches 2000 &
goes down : you sell → 2000–2 % = 1960м

Trailing Take Profit

The Trailing Take Profit (TP) is a feature designed to help you catch the rise. The best way to increase your profits as much as possible. Stay smart, don’t use it on low volume coins.

6) Don’t fall in love with a coin

We loved $ICX . It was a tragic romantic story. We all had the love of a project or a team. Some projects seem more attractive, more solid. You are never safe from an exit scam. Your amazing CEO could leave the ship to go and defend the polar bears.

7) Your Paid Group Leader is not the Good Samaritan

Guys, stay serious, if you find a gold mine, consider digging or selling pickaxes ? Personally, we will dig alone. This is also the case for your Group Leader. Okay, most of them seem legit … but you will be more legit if you read about technical indicators, fundamentals, blockchain technology.

The best way is to check chart everyday & read content about blockchain. Use paper-trading to manage your risk.

8) Time is money

If the NBA Players hope to win in the money time, in crypto Money is Time. Be Patient. Stay confident on our strategy. A Bullish Market is harder to manage than Bearish Market due to impatience and frustration. You can’t make a 10 % move everyday.

9) You are a trader not a poker player

All In is not legit … If you knew how many times we were sure of a pump … with nothing behind. Stay humble, in this market. This market is not guaranteed. Just learn to manage the risk ratio.

10) Respect 9 previous Tips

It’s the end of article. You have already forgotten half of tips. Before each position, just ask yourself WHEN …

WHEN to Buy ?

WHEN to Stop ?

WHEN to Take Profit ?

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