14/10/2021
Hints while trading Cryptocurrencies,
1. Don’t trade on margins, use Spot . You will have to be patient to get profit but you will be safe as the market is unpredictable.
2. Put your targets of profit before you even enter a trade . Just remember “ you are not in profit unless you sell at the right time”. Don’t get greedy “ Profit is profit “
3. Pick the right coin. Review the coin project , supply , the value of the coin , volume & then decide.
4. Follow the whales movements. They are controlling the market and their transactions can be tracked.
5. Everyone reads the above will think he can do it, you shouldn’t think , you should believe in it and trade as a robot. Else you will get greedy and you will miss the train.
6. Chart is only a Graph, technical analysis does not work . In my opinion, the accuracy of technical analysis will not exceed 5%. Hence, you have to play it safe , too much safe means less profit , but at least it is a profit . You control the risk , you control your profit , it is as simple as that.
These are the basics, the rest will be your choices .
