5 Tips to Make Your Trading Expectations Match Reality

• Determine your acceptable risk level. Imagine that you have lost 100% of your trading capital. If it seems like your life is over, you are overloaded with risk and need to reduce it.

• Learn to do nothing. There is no need to add one coin to your portfolio every day or make 2-3 trades on the exchange. Sometimes it is much better to trade nothing and wait for a good opportunity.

• Set realistic goals. The chance of getting 100x from one trade is lower than winning at roulette. But you can often close a trade with double the profit with the right preparation.

• Trade what you understand. Knowing what the asset price depends on and how it reacts to the news is your Holy Grail.

• Stop Loss and Take Profit. Do not sit in dying coins and take the profit when the trade is in the black. Limit orders are your best helpers.

Save so you don't forget