Crypto trading isn’t just buying low and selling high. It’s a serious game where one mistake can wipe out your entire portfolio. If you don’t know these 5 basics, stay out until you do:
1: Use a Stop-Loss Always
Trading without a stop-loss is like driving without brakes. The market can move against you in seconds, and without protection, your capital can vanish. A stop-loss helps you control risk and stay in the game longer.
2: Don’t Fall in Love with a Coin
Just because you believe in a coin’s project doesn’t mean its price will go up. Emotional attachment blinds you from better opportunities. Trade with your head, not your heart.
3: Exit When You’re Near Liquidation
When your trade is close to liquidation, don’t wait and hope. Even a small bounce is not worth risking your entire portfolio. Closing early means you still have funds to trade another day.
4: Don’t Stick to One Coin
Every day, new coins pump. If your coin isn’t moving, don’t sit there watching. Look around, analyze, and shift to where the action is. Staying stuck limits your growth.
5: Never Trade Without a Strategy
If you enter trades randomly, you’re gambling, not trading. A solid plan includes entry points, exit targets, and risk control. Without this, emotions will control your decisions—and that leads to loss.
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