Hey everyone its @chahir99 ,welcome to another crypto lesson this is a recap of the things that i've learned, so without further ado let's jump right in :
1
In other words before you take a trade, make sure you plan what you're looking to do.
People that just randomly throw money at a market and buy high, are typically the ones that lose.
BUY LOW SELL HIGH
There's a reason why over 90% of people actually do the opposite of what you're supposed to do .
Nobody wants to buy a market when it's cheap, it's when it's hot that it grabs everybody's attention, and that's why bull markets or trends, go much further than most people anticipate .
So what you want to do is before you risk any of your hard earned money in any market, you should do your homework, and learn what you're doing first of all, and understand where the markets have been in recent history.
If you're just buying and then asking somebody to tell you where they think you should get out, that's just wrong so make sure that you're able to fully plan your trades, look at things like:
Risk and reward
Entry areas
plan that out and if you have favorable conditions maybe take the trade if not stay away.
2
This is probably the biggest mistake that i see new traders and investors make.
They are chasing every little tiny move in a market ,but the reality is that you only need one or two big trades to make really alot of profit,
I actually don't day trade, typically what i do is :
I swing trade and i look for the much bigger moves, my minimum target is about 15% to 30% , but you need to know when to step on the gas , and when to step on the brake , and over trading is probably the single most common reason that i see new traders lose money from.
I hope this was helpful and you guys learned something and if you like it please up vote me and let me know what you think about it in the comment section.
Thanks for reading!
Thanks for following @chahir99 .
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