This is how it works
Risk Management First
Never risk more than 1-2% of your capital on a single trade.
Use stop-losses religiously, especially in volatile markets.
Trade With a Plan
Define your entry, exit, and stop-loss before placing a trade.
Stick to your strategy — avoid emotional decisions.
Master Technical Analysis
Study chart patterns, support/resistance, RSI, MACD, and moving averages.
Combine indicators rather than relying on just one.
Watch Bitcoin's Movement
Altcoins often follow Bitcoin’s price direction. Keep BTC’s chart open even if you trade ETH, SOL, or others.
Stay Updated on News & Events
Crypto reacts fast to news: ETF approvals, exchange hacks, regulations, or tech upgrades (e.g., Ethereum forks).
Use platforms like Cointelegraph, Twitter, and Discord communities.
Beware of Leverage
Leverage is a double-edged sword. Use it wisely, especially in high-volatility situations.
Don’t Chase Pumps
If a coin has already pumped 20-30%, wait for a correction or avoid it.
FOMO leads to losses.
Diversify, But Don’t Overdo It
Hold a balanced mix of assets (BTC, ETH, stablecoins, and a few high-potential altcoins).
Too many positions = hard to manage.
Secure Your Assets
Use hardware wallets for long-term holdings.
Use strong passwords and 2FA on exchanges.
Control Your Emotions
Fear and greed are the biggest enemies. Stick to logic and data.
Accept losses as part of the game.
