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1. Invest in what you understand
Means you should know current market trend, decide if you are in accumulation phase, consolidation or distribution, decide potential coins if trends continue, potential coins after trends ends, decide if you want to accumulate for future growth or flipping profits. DYOR for 2 days and enter your position slowly.
If you start with little money, remember patiently wait for consolidation after bearish trend and accumulate strong hold like $BTC $BNB and many crypto active blue chips (remember the team has to be active and thriving). Or you can try flipping funds in bull trend and shorting overprice in bear trend. It's up to you.
2. Only invest what you can afford to lose
Suggest you to never go into debt and invest money that you can afford to lose. Find a skill, learn a course, work for binance affiliate. It's up to you
4. Diversification is essential for successful trading. But don't do it when you have below 5k. Please DYOR before putting in money before 5k. A huge lost can set you back 4 years
5. Dont let your emotion wins.
6. Avoid FOMO
You cant outtrade everybody, let people enjoy their winning bet, you guys dont have the same agenda
7. Use a stop-loss. Please take your L when they comes, trying to hold on for too long can negate you from other opportunities.
8. Take profits at a regular intervals
Please take profit, 10%, 20%,70% its up to you, but please take profit.
9. Be aware of scam
Most of the scene is scam, learn to spot a real company trying to do real business.
10. Take your L. Please do it when fate tells you to. Watch $LINK , currently still in accumulation, but scale the chart and see how many people didn't want to take their L in 2021 and suffer the stagnant of their funds for 3 years.