How Can I Be Successful In Cryptocurrency TRADING? Any Tips - All You Need To KNOW

in #cryptocurrency7 years ago (edited)


There’s no hard and fast rule to crypto trading success. If there was one, you would have known by now.

Cryptocurrency trading is different than investing. Investing is most often referred to as Hodling. You will have lows but in the end you will turn out as a winner, thanks to volatility and awareness.

But trading does not work like that. You will have to be smart enough. And nobody can teach you that, if you are not the one. Though, you can get better and better with reading, communicating, practice and research.

The only guaranteed tip that I can give you and which will surely bring success to your trading experience is.

Always have a reason to enter a trade.

Now that you found a reason to enter a trade, do yourself one favor;

Formulate your exit strategy and stick with it.

Trust me this one is very much interesting and intimidating. Because when you see green candles you will be tested. As the next minute you may see something like this.

And you may be stuck there for a while, missing out on some other coins. So, it’s important for you to have a clear ‘exit strategy’ and more than that the ‘stick to it’ part.

If you are in such a position, I am sure you would ask yourself what if goes further? I think I should wait? I knew they talked about something touching the moon, this is it.

And that’s where greed takes over all your rationalism, while driving your trading decisions. I assume, that’s the last thing anyone would want.

For more articles relevant to trading, READ HERE


Please Comment, Upvote, Resteem as a token of appreciation for more great content to keep coming. Thanking you for Reading!

Sort:  

@cmtzco has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond

Nice. Upvoted.

Thank you!

This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond

Resteemed your article. This article was resteemed because you are part of the New Steemians project. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch

Coin Marketplace

STEEM 0.20
TRX 0.13
JST 0.030
BTC 67383.45
ETH 3525.45
USDT 1.00
SBD 2.70