π6 Tips to Become a Better Crypto Speculator 1οΈβ£Choose an exchange. Understand the interface, liquidity, fees, etc. Make sure your funds are safe (as much as the exchange can) and you can withdraw your profits quickly.
2οΈβ£Stick to a plan. Create a strategy and stick to the trading rules. Stop trading if your rules say so.
3οΈβ£Use limit orders. Everyone needs to sleep sometimes, a limit order will lock in profits or protect you from big losses while you rest.
4οΈβ£Lock in losses. Closing losing trades helps avoid big losses. If the market goes against you, there is no point in becoming a hodler
5οΈβ£Trade top coins. They have more liquidity and it is easier to calculate the reaction to news. The more dubious the token, the more your trading resembles a casino.
6οΈβ£Be emotionally neutral. Evaluate cryptocurrencies based on market data, not personal preferences.
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