#July the month where major of #BTC short position holder are liquidated in #crypto because they don't follow these tips that given to the #following
Crypto trading's like ridin' a rollercoaster ๐๐ธ. Here're some tips to help you navigate it:
1. *Do your research*: Understand the crypto you're tradin', its use case, team, and market trends.
2. *Start small*: Don't throw all your cash in. Begin with a lil' investment and scale up as you get comfy.
3. *Set goals*: Know what you're aimmin' for - profit targets, stop losses, and timeframes.
4. *Manage risk*: Use stop losses, don't over-leverage, and don't invest more than you can afford to lose.
5. *Stay updated*: Crypto's volatile AF ๐ฅ. Keep up with news, trends, and market sentiment.
6. *Don't FOMO*: Fear of missin' out can lead to bad decisions. Stick to your strategy.
7. *Learn from mistakes*: You'll probs make some trades that tank. Use 'em as learnin' experiences.