6 trading Hacks every trader MUST know!!

Trading in Cryptocurrency Market is not everyone's cup of tea. It can make you a millionaire if done right, But if you dont have enough patience its will suck the money out of you. Here are some killer trading tips that will make you rich!!

1.Never Invest more than you can afford to lose!!

Dont invest all your savings or children's tuition fees. Ever heard the saying "plan for the worst but hope for the best"? One must be prepared to lose all the money he has allocated to trading,

2.Plan

Set a plan. A daily objective thats actually achieveable i.e 5% profit, 10% profit. If you plan to get the maximum profit from each trade you'll never sale it at the right time.

3.Patience

Warren buffet once said "The Market is a device for transferring money from the impatient to the patient" Dont panic and sell if you see the price falling. Plan for the long term.

4.Never invest everything in a singe coin!!

Diversification is a protection against ignorance. and we all need this protection. look for the small profits that will accumulate into a big one.

5.Leave your ego aside

The goal here is not to always be right on your trades, but to make a profit. There is no trader who has never lost money. Just make your your total profit is greater than your total losses.

6.Know when to get out

Buy the rumor, sell the news. When the major sites starts posting articles about one coin, Its the correct time to get out of its trade.

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Hope this post helps you all, if you want to ask anything or give a tip plz comment :) till then upvote, resteem and follow @shehryar :) thankyou!!