🔑 Top 10 Essential Rules for Crypto Trading
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1️⃣ Do Your Own Research (DYOR)
Before investing in any coin or token, thoroughly research the project — team, use case, supply, market cap, and roadmap.
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2️⃣ Always Have a Trading Plan
Trading without a plan is risky. A solid plan includes:
Entry point
Exit target
Stop-loss level
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3️⃣ Risk Management is Crucial
Never risk more than 1–5% of your total capital on a single trade. Always use stop-loss to minimize major losses.
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4️⃣ Understand Market Sentiment
Be aware of emotions like FOMO (Fear of Missing Out) and FUD (Fear, Uncertainty, Doubt). Stick to logic, not emotions.
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5️⃣ Trade With the Trend
"Trend is your friend." Trade in the direction of the overall market trend. In an uptrend, look for buying opportunities; in a downtrend, look for short or avoid entries.
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6️⃣ Stick to a Solid Strategy
Successful traders follow a consistent strategy such as:
Scalping
Swing Trading
Day Trading
HODLing
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7️⃣ Keep Learning
Crypto markets evolve fast. Stay updated with new tools, patterns, indicators, and market developments.
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8️⃣ Use Analytical Tools
Learn and apply both Technical Analysis (TA) and Fundamental Analysis (FA). Use indicators like RSI, MACD, Bollinger Bands, and Fibonacci levels.
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9️⃣ Be Patient and Disciplined
Avoid overtrading or chasing losses. Patience and discipline are key to long-term success in crypto.
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🔟 Master the Art of Taking Profit
Don’t be greedy. Set take-profit levels and be satisfied with your gains.
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