Since I first heard of Bitcoin, back in October 2014, I'm trying to understand how the cryptocurrency markets works.
In the meantime, I earned and lost great amounts of money until I managed to make money in a consistent basis.
Here, I want to share some rules that I value the most and I think its important for new traders
So, lets show them:
- Plan your trades before making any move;
- Don't put all your money in just one coin, diversify;
- Anticipate the hypes, don't chase them;
- Don't try to pick the tops or the bottoms;
- Make trades with no regrets, even if it rises;
- Don't over-trade, just make a few trades;
That's one of the main lessons I've learned on these years I have of trading this crazy markets.
In a nutshell, you have to manage your risks when trading and be patient to make more money in a safe way.