10 Tips To Sure Crypto-Currecy Trading Success

1: Grow balls, be patient. The crypto market is a bullish market (for now and maybe many years to come).

2: Buy on the rumor, sell on the news.

3: Diversify, not all your money in one coin: Not all your eggs in one basket.

4: NEVER sell at a loss, unless you're sure you will make more money on an other coin. See tip 1!

5: Before you invest in a coin, look if it is listed on multiple exchanges like Poloniex, Bittrex, Kraken, Bitstamp and Bitfinex. See tip 9.

6: Don't start with margin trading Until you made some solid profits with normal trading.

7: Don't be a fool and use pump groups, only the initiators win and only you will win when there is a snowball effect.

8: Investigate a coin which you want to enter long term, if they have a solid businessplan and have a practical use and it is in a niche and there are no coins out there that do the same, then it might be worth while. Also don't underestimate a good PR machine, people will jump in coins that have a good PR machine, even if they are worthless.

9: Stay out of ICO's, it is like a lottery, there are to many out there and much of hem won't be arround in a few years, just like the 400+ altcoins that were created in 2013 and vaporized in 2016. It will be more luck then wishdom if you make money on it.

10: Don't look at the 5-15-30 minute candles, look at the 2h, 4h candles, 2 weeks or a month back, or even longer.

11: Don't look at charts all day, they make you paranoid and remember tip 1!IMG-20170623-WA0014.jpg

Sort:  

That is legitimately good advice… And it actually applies to commodities and stocks as well as Crypto's. Nice one !

I'm happy you found it informative. But deep within, I believe you are an expert in the field.

quite informative

Thank God for steemit providing good distraction at this time

Coin Marketplace

STEEM 0.23
TRX 0.12
JST 0.029
BTC 66504.03
ETH 3578.30
USDT 1.00
SBD 3.03