While crypto trading is such a skillset that needs to be mastered over a period of time, as a new trader, there are a few tips that can be of immense help to you when trading.
I present to you the 2 most effective tips to help you make more gain when trading.
1. Realistic Expectations
Having a realistic expectation when trading when help you make profit than otherwise. Example, focusing on having little as 10%-20% profit of your capital is much more achievable than you think as opposed to focusing on making 100% of your capital, which will require extra research.
So, most people who make more money in a bull run will lose all in a bear run.
2. Trading Interms of Risk & Return/Interms of Money
Using this tip, if you are placing a trade with with a Risk amount (R), you should be able to make a Reward amount (R) as well.
Thank you for reading and don't forget to upvote this if you find it helpful.
Cryptocurrency trading is very tricky. You must always check the value of your cryptos. You must know when to let go or when to hold on.