12 essential trading rules, based on our own experience
🔸Before buying any asset always answer to the question: “Why do I want to invest in this coin?”
🔸The market is cyclical. There is always the correction following the growth and the growth following the correction. The growth never lasts forever!
🔸Always use stop losses. If you can’t set it because of take-profit order, enable notifications to stay informed about changes of the rates. If the price fell down to the minimal level you can afford – sell it with no hesitating.
🔸Don’t be afraid of making mistakes, but avoid making the same mistake twice.
🔸Don’t buy on peak. The drastic surge of the rate doesn’t mean, that the growth will continue.
🔸Don’t allow your emotions to overtake you. Successful trading is always based on сold premeditation, risk management and careful analytics. For the adrenaline you can go to casino.
🔸Search for your own trading strategies. Learn on your gains and mistakes, track your actions with the help of trading journal.
🔸 Trade on different exchanges. Don’t keep all of your assets in one place!
🔸Be extremely careful with private keys. Pay attention to phishing web-sites and malware.
🔸Never count the profit you’ve missed. It’s better to fix small gains, than to lose everything because of the greed.
🔸Hold minimum 30% of your assets in bitcoin.
🔸Don’t trade when you are tired or emotionally down.
Great post! Thanks for sharing.
Talking about ICOs, after doing your own research, also finding good ICO projects can be profitable.
I want to share with you guys a new exciting project I have just discovered: RAWG.
Look at this article where the team explains:
“Why the games market needs RAWG”
https://medium.com/rawg/wp-bits-1-why-the-games-market-needs-rawg-ccf039c0bae7
The ICO will start in a short period and they are at the moment in pre-ICO phase. This is the site: https://token.rawg.io/. It's a video game discovery platform that converts your skills into goods and services (the site is already working, with more than 57,000 games in the database).
Have a look and get some information while doing your own research!