Tip 1: Approach risks consciously
The main rule of successful trading is to invest only what you are willing to completely lose. Almost 90% of cryptocurrencies depreciate or disappear in the long term. Calculate your position sizes so that even a total loss of capital does not affect your financial well-being.
Tip 2: Ignore 'pump groups'
Communities that promise quick profits from coordinated purchases are a trap. Their creators profit from inexperienced traders by artificially inflating prices before a mass sell-off of assets. Trust only your own analysis.
Tip 3: Learn from your mistakes
Every trader makes mistakes — it is an inevitable part of the process. The key skill is to analyze losing trades and not repeat the same miscalculations. Keep a trading journal, noting the reasons for each failure.
Tip 4: Follow the trend
The market moves cyclically. A successful strategy lies in timely identifying the phase (bullish/bearish trend, consolidation). Trying to trade against the market trend is like swimming against the current.
Tip 5: Study projects before investing
Never invest in assets that you do not understand. In conditions of high volatility, a lack of knowledge about a coin can lead to catastrophic losses. Conduct fundamental analysis: read documentation, evaluate the team, and assess the market prospects of the project.
Tip 6: Use crises as opportunities
Sharp market declines scare newcomers, but experienced traders see them as an opportunity for profitable purchases. Maintain your composure during crashes — this is when the best entry points are formed.
Tip 7: Don't get attached to 'alts'
Particularly dangerous is 'love' for certain coins in a bear market. Trading is not romance, but cold calculation. If an asset shows weakness, do not be afraid to take losses and switch to more promising directions.
Tip 8: Manage risks
Even with 50% losing trades, you can remain profitable if you set stop-losses correctly and adhere to risk-to-reward ratios. The optimal ratio is to risk no more than 1-2% of your capital on a single trade.
Tip 9: Maintain discipline
Imagine yourself as a sniper: don't shoot randomly, save your 'ammo' (liquidity in USDT or BTC) for truly profitable trades. Sometimes the best position is no position at all.
Tip 10: Take breaks
After a significant profit, take a break for at least a week. Emotional highs can provoke rash decisions. If you want to continue — switch to a demo account.
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Burnout in trading is a result of chronic stress and chaotic actions. Maintain a balance between work and rest, and adhere to clear rules. Then, the crypto market will become a source of income for you.
