Hello steemitians,
I believe some of you are just starting out and really have no idea what it is and some are very new to this crypto world. Today, as a trader I would like to give you the number 1 most important tip on crypto trading.
Since, so many of you are very new to the market you might found yourself difficult when coming to crypto currencies trading. You most fear is when you see your coin in red and with a lot of rumors you might fear of losing then you start to sell your trade is a losing mode.
Within a years trading I was having the same experience which I sell my trade in negative profit when I hear there is a negative information about the coin I traded.
So what is is the most important rule in crypto currency trading ?
Here it is!!!! Never sell your trade in negative profit wheather you take a short or long position NEVER NEVER NEVER sell your trade when you are losing. Why I have to say this again and again ?
Crypto currencies prices are very volatile and there will time which you always make profit in trading. What require you to make profit on your trade ?
PATIENT!!! In crypto currency trading it requires a lot of patience so please make sure you have enough patient before jumping into the market.
Be patient and Never Sell Your Trade in A Negative Profit.
I hope this article will help new traders to prepare when there is a time come in trading. Always remember this rule and you will always make profit base on your desire trades.
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