#CryptoTrading. #CryptoPatience Here are some crypto trading tips and tricks to help you trade smarter—not harder:
1. Always Use a Trading Plan
Set your entry, exit, and stop-loss levels before entering a trade.
Don’t let emotions make decisions for you—stick to your plan.
2. Risk Only What You Can Afford to Lose
Never go all-in. A good rule: risk only 1–2% of your capital per trade.
Use stop-loss orders to protect against major losses.
3. Follow the Trend
“Trend is your friend.” In uptrends, look for buy opportunities. In downtrends, focus on shorts or sitting out.
Use indicators like Moving Averages, MACD, and RSI to confirm trends.
4. Use Technical Analysis
Learn to read candlestick patterns, support/resistance, and volume spikes.
Use platforms like TradingView for charting and analysis.
5. Watch BTC & ETH First
Most altcoins follow the price movement of Bitcoin and Ethereum.
If BTC dumps, altcoins usually fall harder—so always monitor BTC price action.
6. Don’t Chase Pumps
If a coin is up 50–100% in a day, chances are you’re late.
Enter before the breakout or wait for a retrace—FOMO is the enemy.
7. Take Profits
Don’t get greedy. Consider taking partial profits at key resistance levels or after a set % gain (e.g., +20%, +50%).
Use Trailing Stop-Losses to lock in gains if price keeps going up.
8. Keep Emotions in Check
Fear, greed, and hope are killers in trading.
If you're feeling emotional—step away from the screen.
9. Stay Informed
Follow news, project updates, and regulatory changes—they can move prices.
Use Twitter, Telegram, Discord, and Reddit, but fact-check everything.
10. Practice First
Use paper trading or demo accounts to test strategies without risking money.
