SHARE EXPERIENCES IN CRYPTOCURRENCY TRADING FOR NEWBIES - Part 1.
Hello everyone.
I am a newbie, I have been practicing coin trading for more than 2 months and I am still making a profit (not yet negative on my capital), I only learn from my own experiences, I have not taken any coin trading classes.
After more than 2 months, I have learned a lot from my mistakes. Here I will share the very basic lessons that I have learned.
1. When you first start practicing trading, trade with small amounts of money from 10 - 20 USD to get used to it.
After you get used to it and know how to win (there will be an article sharing how to win in trading), gradually increase the amount to 100 - 200 usdt, then gradually increase to 500 - 1000 usdt and more.
2. When you make a mistake, write it down in a notebook, memorize it so you don't make the same mistake a second or third time. Or write it down on a note and stick it somewhere where you often sit to trade so you can easily see it and read it.
3. Clearly know the goal of how much usdt you want to earn per day and only make a maximum of 6 transactions/day (whichever comes first).
For example: the goal is to earn 30 usdt/day ==> 900 usdt/month. If you make 2 transactions (buy - sell) and you have earned 30 usdt, then stop, don't trade anymore, and continue the next day. If you make 6 transactions but have not earned 30 USD, then stop, you should not trade anymore. Because trading more than 6 transactions will make your brain more tired, causing you to make wrong decisions ==> negative to your capital.
There are many more things. Please watch part 2.
Wish you all profitable trading every day.