Before we are going into the discussion of the title above first thing first let know what it is trading, trading is Usually the so-called in stock echnage and forex, so it is better known as buying and selling stock or currency (foreign exchange) commonly called forex trading with the rate of commodity price changes very quickly in seconds with the value of fast profits and also the value of risk is very high.
Trading is a short-term trade that can earn big profits quickly because of the high trend changes, but also can very quickly loss of capital loss. You could say one of the "high risk" trading business.
Before trying to trade which is usually widely circulated, among others; forex and stocks, gold and commodities. A novice should learn about the notions of trading and how to work. For example about what are the advantages and disadvantages associated with the risk of "loss" or so-called loss of capital / funds.
Many beginner traders, thinking that trading is an easy way to make big profits or instant money. You should know that a trader is a professional skill to run stock and currency buying and selling movements. Large companies have expert stock traders, gold or commodities commonly called brokers or stockbrokers.
Many references to the notion of trading for beginners who generally only know about profits (profit) and losses (Loss), not much to explain broadly. If returned to the meaning of "trading" is not like a sale and purchase with a profit margin.
Crypto asset is different way from trading commodity and currency other nation like the oldway, which is you can lost your money if the price didn’t same with the price when you bough first.
Crypto asset not be like that because we can hold that coin in 3 month or maybe 2 year’s later on. Then your money can be gain much and significantly increase.
So what is the problem from many trader on crypto assets be lost so much, and never get profits ?
ok let’s talk abou it, in my expreince I’m started crypto trading since 2016 on the biggest exchange like Poloniex, Bitrex, and Coinbase. The stupid thing what i've to do was never learn about the coin and technical analisist from the chart and cutlose the coin from the drop price and I'm lost the money and coin.
Because in back on that day, on bitrex and polo so much oher option coin and token. Then with the basic price 100 satoshi then the price gain in 3 days about 20% later on drop to 5% it called pump and dump to new relase coin or token. So this is my advise
1. Never bought the coin have last the biggest price in 24 hour just got 20% or higher that can be trap in that time, and you can hold that coin for long period maybe 3 week’s or maybe month’s to recovery price.
2. Learn about the coin what you want to buy. The first thing look at the market –cap is the coin or token is have the great volume and money supply. Ex like bitcoin, litecoin, ether , steemit, cardano or other coin on top 20 market-cap. Why I’m talking about top 20 market-cap?
because in my experience the most significantly price is from the 20 market-cap and more profit in a day. Never bought unknown coin with max supply over 1 billion coin supply and no future form that company who was offering to us because so many dump price for that coin.
3. Never cutlose or stoplose the coin if just drop by below 2%. Just hold it for minute or hour , because the price can be recovery fast, but look price too, if the price was gain by 20% or higher that can be problem if you are just bought it at the top price that can be drop so much.
4. Set you’re goal in a day. This is the important to do when you doing crypto trading just for a day. Ex: youre set just 2% profit from the asset you just bought a day, why im’ calling this the important? Because so much trader, never be enough with their profit just want more and more never think about correction price, then they stack at the price when they bought it. And cutlose it. Cutlose equal to zero money . then just set your goal now don’t be greedy.
5. Just reade the news about FUD or the bad thing from crypto currency, like banned, or now days we get face SEC news. just look at the news, which if the news for the crypto or good for the crypto.
6. Keep HODL and long preiode investment.
So the conlusion is keep profit and never be greedy, learn more and more
NOTE: this is what i've learn in my experince back to 2016 when doing trade on crypto assets.