Not everyone makes it big trading crypto, but if you stick to these 10 golden rules, youāll avoid a lot of beginner mistakes:
1ļøā£ Donāt panic when good coins dip.
If a strong coin keeps dropping for 9 days, itās probably near the bottom. Thatās often when smart buyers step ināstrong coins usually bounce back after a big drop.
2ļøā£ Take profits after two green days.
If your coin pumps for two days straight, take some gains. Quick spikes often reverseādonāt let greed wipe out your profits.
3ļøā£ Whatās hot today might still run tomorrow.
If a coin jumps 7%+ today, keep an eye on it. It could still have momentum. But if it canāt beat its last high, itās time to exit.
4ļøā£ Donāt FOMO into the top.
Buying when a coinās at its highest price is almost always a mistake. Wait for a pullbackāchasing pumps usually hurts.
5ļøā£ Donāt babysit dead coins.
If a coin hasnāt moved for 3 days, give it 3 more. Still nothing? Let it go. Your time and capital are better spent elsewhere.
6ļøā£ Cut losers fast.
If your coin drops and doesnāt bounce the next day, get out. Donāt wait around hoping itāll magically recover.
7ļøā£ Watch the 3-day pattern.
Coins often move in 3-day waves. If itās been up 2 days, a dip on day 3 can be a solid entry. But after 5 days of uptrend? Think about taking profit.
8ļøā£ Volume tells the real story.
Heavy volume at low prices = good sign. But high volume with no price movementāespecially near highsāis a red flag.
9ļøā£ Only trade coins that are trending up.
Up today? Could be a quick scalp.
Rising over 30 days? Decent mid-term setup.
Trending up for 120 days? Thatās a long-term hold.
š Mindset matters more than money.
You donāt need a huge bankroll to wināyou need discipline and a solid strategy. But even a big wallet can drain fast if you trade emotionally.