After spending 2 years to fully understand this market I understood few important things that I would like to share!!
After spending 2 years to fully understand this market (and I'm not there yet), I understood few important things that I would like to share:
Learning Price Action is super important for daily trading. It will help your TA a lot.
This market can be easily Manipulated because the MarketCap is too small. (This can destroy ur beautiful TA).
Sentimental Analysis is amazing and works really well (it's very psychological so you have to be aware).
If Investing you need to know in what stage of the market we are. In a Bull Market you HODL, in a Bear Market you DAILY trade.
Patience is the KEY to become a successful trader. Wait for good opportunities and kill it. (aka you don't need to enter a trade everytime you look at the charts).
Know what kind of trader you are and what trades you are able to do based on skills, time and goals. (Scalping, Short-Term trades, Swing Trades, Holding). Trade on the right Timeframe based on ur strategy!
In the current stage of Crypto, Fundamentals (studying the Team, Idea, Structure, Prototype and so on) don't work as good as Hype, News, Shilling and Advertisments. One day Fundamentals will be huge, not now.
Risk Management will save your ass. Just trade how much you are willing to lose otherwise your emotions will destroy your trades.
These are only my personal opinions. You can totally thing the opposite and I have no problem with it. World is great cause we all think differently.
For further any queries
Ask @luckys
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