Wear your A game in spot trading!
1. Trade with a Plan
Define your entry and exit points based on analysis (not emotion).
Set a profit target and stop-loss to manage risk.
2. Use Technical Analysis
Use tools like support/resistance, moving averages, RSI, MACD, volume trends, etc.
Identify patterns like breakouts, pullbacks, or trend reversals.
3. Follow the Trend
“The trend is your friend.” Spot market moves fast—trading with the trend improves win rates.
Use higher time frames (like 4H or 1D) to confirm the trend before trading.
4. Buy the Dip, Not the Hype
Enter during corrections in an uptrend, not at the peak of a pump.
Avoid FOMO—enter based on strategy, not hype.
5. Capitalize on News and Events
Positive news, upgrades, or partnerships often spark price rallies.
Be early (or fast) when reacting to such news, but beware of the “buy the rumor, sell the news” effect.
6. Diversify & Rebalance
Don't go all in on one coin or pair. Spread across a few high-potential assets.
Rebalance to lock profits as your portfolio grows.
7. Track Volume and Liquidity
Trade assets with strong volume and tight bid-ask spreads. This ensures better entry/exit execution.
8. Use Dollar-Cost Averaging (DCA) for Entry
If uncertain about timing, DCA lets you enter gradually to reduce risk.
9. Monitor BTC’s Behavior
Most altcoins follow Bitcoin. If BTC dumps, alts often follow. Align trades with BTC’s momentum.
10. Avoid Overtrading
More trades don’t mean more profit. Wait for high-probability setups only. follow for more ....
@glorytrades
