1. The hardest thing to do in trading is NOTHING. This can also be the most profitable thing to do.
2. Just because a market is in a bubble doesn't mean that it is going to die.
The media will often state that bitcoin is in a bubble or housing markets are in a bubble, ect.... Which is true, bitcoin has been through around half a dozen bubble cycles, but each time it has recovered to have a higher price over time. A price bubble alone does therefore not mean that the asset will simply go away.
3. Manage your trades in such a way that would leave you with no regrets no matter what the market does.
4. Learn to think like a contrarian. The best time to buy/sell is often when everyone thinks that you are crazy.
For example, if you had of sold bitcoin in 2009 and sold in 1016. “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” Warren Buffett
5. The shorter the chart time frame, the less reliable the chart patterns are. The longer the time frame, the more variables affect price action and the harder it becomes to predict price.
6. 90% or more of all currencies will eventually go to zero. Invest accordingly.
7. The mental side of trading is the hardest to master, the most under appreciated skill, and will cause you to make or lose the largest amount of money.
8. All financial network marketing projects are ponzi schemes, period.
9. Don't set daily profit targets - set long term performance goals.
10. Don't be a blind bull. All markets are cyclical.
