#CryptoIn401k #BuiltonSolayer
Crypto Trading 101: Building Your First Strategy**
Successful crypto trading starts with a clear plan. Here’s how to build yours:
1. **Define Goals**: Are you day trading, swing trading, or investing long-term? Your strategy depends on this.
2. **Risk Management**: Never risk more than 1–2% of your capital per trade. Use stop-loss orders.
3. **Entry/Exit Rules**: Decide in advance what conditions will trigger buys/sells (e.g., “Buy if BTC holds $60K support”).
4. **Track Performance**: Review trades weekly to identify patterns and improve.
**Action Tip**: Paper-trade your strategy for a month before using real funds.
#TradingStrategy #RiskManagement #DYOR #write2earn
A beginner’s guide to creating a structured crypto trading plan.