The crypto market is a chameleon market and we to be so quick or already prepared for the change.

Hi Traders,

This is the 6th part of the series "How To Earn By Crypto Trading" and today we will talk about "Always Be Prepared For Everthing".

You can also read my all previous posts on this series here below.

"Balance Your Investment And Invest Wisely"

"Create Portfolio For All Of Your Investment"

"Create Your Goal And Make Sell Bid Today"

"Learn Some Basic Of Elliott Waves, When To Buy And Sell"

"Be Active And Love News"

Always be prepared of everything, what does it mean ?

As i said that the market is like a chameleon and can change its color in seconds and we have to be prepared for the change. The first thing i will talk about is "Make your fund ready for the dips"

Why?

Many times when market goes down and a specific coin is in dip then we have to sell our another coin to buy this one because we don't have some extra money and may be by doing this we will lose the profit of the coin, which we have sold earlier.

In this situation if we have some funds for the dips then we can invest in a coin without hesitation. Investing in a coin by selling another coin is not a good idea and can deal us a huge loss because many times when we are holding a coin and the price of coin is continuously going down instead of growing then what we do is sell that coin and buy another in hope that we will recover the loss of that coin by this coin. But in actual after selling that coin the price of the coin increase and then we regret to sell that coin That's the term holding is there. "Patience is the key of success".

Create accounts on good exchanges

The crypto market have lots of exchange and the listing of coins are differ from exchange to exchange. Sometimes when we get to know about a coin to buy (New coin or news coming) but the coin is listed on another exchange but we don't have an account on that exchange then may be be we have to miss that coin or late to buy that.

That's why make your accounts ready in all the main exchanges like binance, bitterx, bitfinex, kucoin, huobi and some more. Also make your kyc done if needed. In this way we can trade in coins very fast and easily.

There are lot more things to do but we will talk about them another day in another article, Till then stay tuned.

Also you can help my by Re-steeming this post to your followers so i can cover more minnows. My aim is to give best information and knowledge to the newbies so they can earn more by doing less mistakes.

Please do not take it as a financial advise. THIS IS NOT A BUY REQUEST. It is just my analysis,opinion and result of readings. So before investing in any Crypto currency, do your own research first. I will not be responsible for any losses

Thanks for reading...

If you like my post or interested in Crypto info, then you can follow me for more

And don't forget to upvote my post

Your Single Upvote-Comment-Resteem Can Make Me Smile :)