1. Do your homework – Make sure you fully understand any asset before investing.
2. Use stop-losses – Limit potential losses with predefined exit points.
3. Start with small amounts – Begin trading with minimal capital to test your approach.
4. Don’t chase hype – Avoid jumping in just because a coin is rapidly increasing in price.
5. Have clear goals – Define when you plan to enter and exit a trade.
6. Pay attention to volume – Strong trading volume often supports significant price moves.
7. Stay informed – Keep up with news and events that could impact the market.
8. Trade with discipline – Follow your strategy instead of reacting emotionally.
9. Spread your investments – Don’t put all your money into a single asset.
10. Analyze your trades – Regularly review your results to improve over time.