#TradingTypes101 Some essential tips and tricks for crypto spot trading (especially for beginners or intermediate traders): $BTC $BNB

1. Do Your Own Research (DYOR)

- Never invest based on hype or influencer opinions.

- Analyze fundamentals (project team, use case, tokenomics) and technical aspects (price trends, volume).

- Use tools like CoinMarketCap, CoinGecko, TradingView, and on-chain data (Glassnode, Santiment).

2. Master Risk Management

- Never invest more than you can afford to lose.

- Use the 1-5% rule: Risk only 1-5% of your capital per trade.

- Set stop-loss (SL) and take-profit (TP) orders to limit losses and lock in gains.

3. Follow the Trend

- "The trend is your friend" – Trade in the direction of the market (uptrend, downtrend, or sideways).

- Use moving averages (MA50, MA200) and support/resistance levels to identify trends.

4. Use Technical Analysis (TA) Wisely

- Learn basic candlestick patterns (Doji, Hammer, Engulfing).

- Key indicators: RSI (overbought/oversold), MACD (momentum), Bollinger Bands (volatility).

- Avoid indicator overload—stick to 2-3 reliable ones.

5. Watch Trading Volume

- High volume confirms trend strength.

- Low volume during a price move may indicate a fake breakout/pump.

6. Avoid Emotional Trading (FOMO & FUD)

- Don’t #FOMO (Fear Of Missing Out) into pumps.

- Don’t panic sell (#FUD – Fear, Uncertainty, Doubt) during dips.

- Stick to your trading plan.

7. Secure Your Profits #SaylorBTCPurchase

- DCA (Dollar-Cost Average) out of positions instead of selling all at once.

- Take profits at key resistance levels.

8. Avoid Overtrading.

- More trades ≠ more profits. Wait for high-probability setups.

- Less is more in trading—quality over quantity.

9. Keep an Eye on Liquidity #Liquidations

- Trade pairs with "high liquidity" (BTC, ETH, top altcoins) to avoid slippage.

- Low-cap coins can be manipulated—trade with caution.