When to Trade
1. *Understanding the Market*: When you understand the market mechanisms and its fluctuations.
2. *Setting a Plan*: When you have a clear and defined trading plan.
3. *Risk Management*: When you are able to manage risks and determine acceptable loss levels.
4. *Financial Preparedness*: When you are financially prepared to bear potential losses.
Avoid Trading When
1. *Lack of Understanding*: When you do not understand the market or the cryptocurrency.
2. *Psychological Pressure*: When you are under psychological or financial pressure that you cannot bear.