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RE: Steemit Crypto Academy Contest / S7W3 - Understanding Crypto Trading
Buying low and selling high is the key principle when it comes to crypto trading and you have explain this part perfectly well my friend. You have also talked about your understanding of fundamental and technical analysis respectively. You have also stated the 3 concept every trader should keep in mind to be successful and that is RRR, SL/TP and the positioning sizing. Traders need to always take this factors into consideration to minimize their losses and maximize their profits. I wish you success in this contest my friend.
Thank you for your kind words. Yes, buying low and selling high is a basic principle of trading in any market, including the cryptocurrency market. Fundamental and technical analysis can be used to help identify opportunities to buy low and sell high, while risk/reward ratio (RRR), stop-loss and take-profit (SL/TP) orders, and position sizing are important tools that traders can use to manage their risk and maximize their potential profits. It's important for traders to have a solid.