Trading rules that I learned through my personal experience (PART 2)
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1# Do Your Own Research
Some people might tend to follow others to get information and believe eveything they say . DON'T do this , eveyone has their own methods to research , you should search for articles and educational content without relying on others doing research for you.
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2 # Emotions Are Your Worst Enemy
I've been there. Many times I've said to myself that "this coin or that coin is the bomb , I should invest right away" , those were rational decisions based on emotions and cost me a lot . Always follow patterns instead of emotions.
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3 # Diversify Your Portfolio
You should always have many coins in your portfolio , whether you're trading spot or futures . In case one of them went down , there would be a higher chance that others would go up .
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4 # Learn from Every Trade
You will make mistakes each trade , learn from them instead of being fraustrated . Those trades are the most valuable ones. If you had followed you emotions in one of them , learn to follow patterns the next time.