Here are some concise and useful financial tips for buying and selling in the crypto market:
1. Don’t invest more than you can afford to lose
The crypto market is highly risky and volatile.
2. Set an entry and exit plan
Know when to buy and when to sell before you enter.
3. Use stop loss
To protect your capital from sharp declines.
4. Don’t chase the rise (FOMO)
Buying at peaks often leads to losses.
5. Dollar-cost average your trades
Buy in stages to reduce the impact of market fluctuations.
6. Monitor news rationally
News affects the market, but don’t react emotionally.
7. Keep a portion of your profits
Don’t reinvest all your profits, take a portion.
8. Learn technical and fundamental analysis
Decisions based on knowledge are better than random choices.