How to Avoid Losing Money In Crypto
Some Important Points > Create a Check List
Go for long time even if you are trading 15 mins or 1 hr candle always check bigger time frame.
For Let us say, you open a Long on $BTC but market changes to Red but daily & weekly Candle shows Bullish. You will not close Your Trade.
Next Learn Patience, if market changes into Red but daily and weekly Candle is Green, you have to patience for next few days to get into Profit.
If you Forget to check Daily & Weekly Candles and open the trade and realized you did open the wrong trade, quickly set Stop Loss Order.
Start Small: Begin with a small amount to learn without risking too much.
Stay Disciplined: Avoid emotional trading and stick to your strategy.
Stay Updated: Follow market news and trends to make informed decisions.
$BTC