At the moment, there is quite good volatility in the cryptocurrency market. This is a favorable time to test your trading strategy for sustainability and stability. If you are an active trader who works on charts daily and also trades daily, you can see how correctly you find entry points, how competently you set stops, and how certain indicators behave. I am sure that every time it remains difficult to believe in your strategy and your forecast, because none of the methods and indicators gives much confidence and makes you nervous. And as we know, emotions waste your deposit.
Don't forget that the most important thing is not to lose your deposit, regardless of its size. Try to look for opportunities where the risk is minimal, use no more than 3-4% per order. Most people come to the world of the cryptocurrency market in the hope of making quick and easy money, which is the main mistake. Trading is first and foremost a discipline.
My advice may help someone:
1. The main thing is not to lose!
2. There should always be a strategy!
3. In any unclear situation, act according to strategy.
4. It is better not to create emotional situations, instead of trying to calm down!
Strategy is a set of actions for different situations. For example, when it falls, buy by 1%, and when it rises, sell...and so on. Strategy makes it possible to stay on track to your goal when chaos is happening around you.
I, in turn, automated my strategy. It allowed me to earn ~10% of my deposit over the last 30 days on spot. I don’t like risks, so I trade only on spot. My bot program itself places orders and monitors execution, so I don’t experience any difficulties, neither in terms of emotions, because everything works according to the strategy, nor in terms of maintenance, because I don’t have to do anything with my hands! If anyone is interested, you can write in telegram https://t.me/athkeeper
Everything ingenious is simple!
Be FOMOless...