THREE CRUCIAL RULES OF TRADING.
Day trading is becoming more and more popular everyday around the world whether its crypto trading or stock trading. But there are two kind of people in the trading world those who make massive gains or those who make massive losses! I am pretty sure you want to be the one who makes massive gains but before you start your journey into trading there are some rules you have to follow in order to be successful. Here are five rules of trading.
1. HAVE A PLAN.
Before you jump into any trade it is very essential you have a trading plan in order to avoid some losses and reduce the risk of the market. For example you can set a plan that when you go into this trade once it moves above 10% you sell and once it moves below 10% you sell for a loss. That right there is an example of a plan
2. ALWAYS INVEST WHAT YOU CAN AFFORD TO LOSE
There is a chance you have seen some sad stories of a person losing all his life saving to the volatility of the market, it happens. To avoid premium tears make sure you invest what you can afford to lose, do not invest all your life savings or your house rent money to the market. Although, there is a chance you can double that money in minutes but on the other hand you can lose that same money in seconds!
3 .ANALYSE THE MARKETS.
Before jumping into any trade be it stocks or crypto it is very essential you analyze the market by viewing the charts, reading related news also works and so on. I promise this would help.