Top 9 rules of cryptotrading or how to turn $ 1000 into $ 46,000 less than a year !!! Part 1

I want to say right away that this is not my success story, but one successful person and trader whose name I can not name for obvious reasons. Everyone who has ever been involved in trading with crypto currency has always been fortunate, however, to achieve a tangible result, most have to try different strategies, join the community of crypto traders, monitor current trends, etc. Some results can be classified as "lucky", while the overall success is achieved through hard work, based on fundamental principles, good habits and experience.

9 rules for profitable cryptotrading
While the Crypto currency markets are extremely volatile, and all investors are prone to fluctuations in prices, including me and you and all other successful traders, having good trading habits can mitigate losses and maximize profits.

Please note that none of the items listed below is an investment advice. Remember, you always invest at your own risk!

Invest as much as you can lose
During the last collapse, which occurred in January 2018, most of the investor-fans went bust. Comments on complete despair, losses incurred and large cash losses were replaced by pictures of broken monitors and chopped notebooks.

Remember that money is only the money that you have in your pocket
I want to note that all these 9 rules are placed in a specific order, based on the importance of their compliance, so you can confidently assume that this is the most important rule of all. This rule number one - the rule for all rules, I would say!

As soon as your money turns into a crypto currency, consider that you have lost them forever. Remember that money is only the money that you have in your pocket. There is absolutely no guarantee that you will be able to return your hard earned money, which was once invested in the crypto currency. The loss of your funds does not always come from a collapse in the market; Extraordinary factors, such as hacker attacks, software errors and government regulation, can contribute to the fact that you will never see your invested money again.

The use of borrowed funds is the path to bankruptcy
If you are going to invest money that you can not lose, you need to take a step back and reevaluate your current financial situation, because what you are going to do is a step of desperation. Here I will dwell in more detail on the term "money that can not be lost", I mean: using credit cards, getting mortgages and using them for investment, applying for loans or selling all of your property and leaving yourself and your family with your bare ass to travel around the world (no matter how glamorous, it did not sound).

Always pay attention to the behavior of Bitcoin

Most altcoins (I mean any crypto currency, except bitcoin) are tied much more to bitcoin than Asian currencies were tied to the US dollar during the Asian financial crisis. If the price of bitcoin is sharply pampaned, then the price of alto can decrease, as people try to sell their alto to catch their jackpot from the BTC pampa; and vice versa, if the bitcoin price drops sharply, alto prices may also decline, as people try to sell their alto to go back to Fiats. The best time for the growth of altcoyins appears when Bitcoin shows normal restrained growth or a decline in price, as well as when the price stands in one place for a long time.

Never put all the eggs in one basket. Diversification of the road!
While the opportunity to earn more increases in proportion to the amount of money that you invest in a certain coin, the likelihood of losing more money also increases.

The best way to safely break your jackpot is to diversify and profit from the price increase of several coins
Let's look at the crypto-currency market more globally. If you are sure that this market is still only in its inception stage, then most likely, the entire market capitalization will grow over time. What are the chances that this growing market capitalization will depend entirely on one coin instead of its growth being confined to a multitude of coins? The best way to safely break your jackpot on the ever-growing capitalization of crypto-currencies is to diversify and profit from the rising prices of several coins.

Notice such a funny fact. In the period from January 2016 to January 2018, Verge increased by 13,000 times. During the same period, bitcoin increased in price by only 34 times. Although you have gained an impressive benefit from investing in bitcoin, diversifying funds and investing in other coins could bring you potentially greater profits.

Do not be greedy!

There was not a single person who would not lose his money after making a big profit. As the coin begins to grow, greed within us grows with it.

If the coin increases in price by 30%, why not consider the opportunity to earn on it? It is just necessary to deduce a part of the profit if the coin has reached the first goal (for example, 30%). Even if you set further goals to achieve 40% or 50%, you should at least pull out a part of the profit in this growing trend, because you must have at least something if the coin stops growing or even collapses. If you wait too long or try to reach a higher point, you risk losing the profit that you already earned on this growth, or even turn that profit into a loss. Get a habit of deducing profits and looking for a point to re-enter, if you want to continue to receive a potential profit.

You can not invest blindly

In this world, definitely there are people who will sell a blind person glasses, if only to earn at least a little money. The same people can meet us and in the crypto-currency markets. These scammers use every opportunity to profit from ill-informed investors. They will tell you what to buy or will confirm and swear that a certain token will soon fly to the moon. In this way, they increase prices to profitably sell off.

Due to the highly speculative character of the crypto-currency markets today, a good investor will always independently conduct his own research in order to take full responsibility for possible investment results. The information received from the best of investors is, at best, can be excellent information, but never 100% instruction-to-action, so you can still burn out.

The syndrome of lost profits. Do not give in!

This is the stage where people often lose money. Let's see how it was possible in December to increase the price of Bitcoin from $ 10,000 to $ 20,000. And the recipe was this:

Recipe: how to increase the price of Bitcoin from $ 10,000 to $ 20,000 per month

one teaspoon of manipulation
two tablespoons of hype in the press
100 grams of messages from the Chicago Mercantile Exchange
100 grams of news from the Chicago Option Exchange
a large handful of "loss of profit syndrome"
All ingredients are well mixed and prices fly to the moon!

Since then almost two months have passed, and bitcoin has fallen to the level of $ 6,000 per 1 BTC and is currently trading at around $ 8,000 - $ 9,000. It is easy to say in retrospect: "If I had waited just one month, I could buy BTC for 6000 dollars instead of having to wait until Bitcoin again breaks the mark of 20 thousand dollars, so I could finally disrupt the jackpot." But in fact a 100% working combination to always be purchased at the highest level:

be greedy
blindfold
sick with a "loss of profit syndrome"
Even in a crazy and unpredictable world, crypto currency, there is a rule: "What is growing fast today, tomorrow is also falling rapidly, it's just a matter of time."

If you just wait, you can save your life and even your hands and feet)
Speculative pampas are almost always accompanied by landslides. I'm sure most of you will now agree with me that unless you try to jump into a rushing train at full speed, (you probably remember James Bond films now), but just wait for him at the next stop, then you can probably stay alive and even keep your hands and feet.