You are viewing a single comment's thread from:

RE: Market Madness

in #bitcoin6 years ago

The crypto market is full of cheer leaders and folks who have a bit to learn about markets. The best way to learn fast is to approach markets with skepticism because most of what is written even by so called experts is wrong, a lot wrong. I've learned this the hard way over the years. Keep questioning everything. Make good planned out trades with as little risk as possible and you will do well.

Sort:  

Good advice. I find the hard part for me is maintaining the discipline to control my position sizes with my entries. I am going to write a post about that soon. I think its ok to take a high risk trade here and there as long as you’re only risking a small fraction of your portfolio size. For me, I only have $850 in my trading account, so I should probably only put about $20 in if it’s a high risk trade. This is a mistake a lot of new traders make. They see an opportunity and they might even be right about it, and they go all in on it. Maybe they win a couple of trades like that, and they start to feel unstoppable and go all in on the wrong one, and bam, they’ve just lost half their portfolio.

Coin Marketplace

STEEM 0.30
TRX 0.27
JST 0.040
BTC 98134.30
ETH 3635.62
USDT 1.00
SBD 3.93