Everybody wants to be successful off Crypto. Everybody wants to live the good life, make a ton of money and get the lambo. But when you get in and you realize it's not that easy. Its require strategy and dedication and a whole lot of patience. But then it's still fun anyways. Today we'll be talking about 3 tips for you to earn from your trading.
Start small: I've heard many people say they want to wait till they have $1,000 or $5,000 before they start trading, well I advise against that. I wouldn't say start with $10 or $5 small, but don't start with very large positions or you will REKT yourself faster than I will say Jack Robinson. You won't be able to keep track of your wins and loses and you'll basically be giving out your money. I would advise that you start with between $200 and $700.
Learn to cut your losers quick: Even the most expert of traders still lose some trades, so you should learn how to cut loses when it goes sideways. Learning how to get out of a loss will save you a lot of money and give you less heartache, so try and master the art.
Learn to contain your risk: Losing money is far more easier than making money and so always look to safeguard the one you already have. Don't blindly throw all of your money into one coin. Risking just 1% of your portfolio might be too small to see profit if you have a small account, but there is no universally accepted percent. Trade with any percent that you wouldn't be too hurt if you end up losing it. Just avoid putting all your eggs in one basket, because it might get squashed and you will be left with nothing.
Everthing is a gamble so we must know the art of gambling.