Pro Tips for Crypto Trading
2025-01-12
Category: None

My Best Tips for crypto trading : 
I have been trading crypto since 2017 and here my advices for newbies and average traders :

1- Don't try to catch falling knives 🔪, it's better to let the coins fall until they finish falling, stabilize, and wait for confirmation to enter a buy setup even if it comes after the asset rises from the bottom by 20 - 30%

2- Love your profits more than your coins... If you love the asset more than profits, it will become an  emotional trading  , which we try to avoid

3-  In a bull market:  hold your coins as much as possible, do not sell early
and try to buy the trendy coins Every cycle has its trend, must have some in your portfolio 

4-  In a bear market:  sell the weakness (the trend is your friend) 
Dont hold coins in bear market no matter how good the projects, they will crash by 85-99% and many will be delisted..

5- Do not put ur 100% trust in only one exchange  (ex: FTX shutdown) and do not trust any project too much (ex: LUNA crash to zero), diversify your capital and the best thing you can use are the cold wallets (ex : ledger)

6- If you make a lose and get angry, take a break from the market and come back again... Don’t do  revenge trading  which will lead to more losses after losses

7- Always follow the news related to your coins/assets , as they can have a big impact on their price

8- There are times when you should not do anything (no trade zones) wait for triggers

9-  Finally:  One of the most important advantages of the crypto market is that the opportunities in it are renewable..and one of its most important rules is that : no matter how much profits you make, you are not rich unless you transfer it to your bank account because you may lose it all 

10- Do not give up