Crypto 10-Commandments: Crypto Trading Top Mistakes, Best Practices, Minimize Loss, Maximize Gains

1 year ago
22

Crypto 10-Commandments: Crypto Trading Top Mistakes, Best Practices, Minimize Loss, Maximize Gains
#Bitcoin #Crypto #TechnicalAnalysis #TA

Are you new to trading or looking to improve your trading skills? In this video, we cover some important topics to help you become a better trader.

Firstly, we discuss the importance of setting a stop loss to limit your potential losses. We also talk about the benefits of using limit orders to enter and exit trades.

We then emphasize the importance of taking your time and sticking to a routine to avoid impulsive decisions. Writing down your trades and tracking your wins and losses can also help you evaluate your progress and identify areas for improvement.

We also discuss the differences between paper trading and using real money, as well as the importance of conducting technical analysis on the charts, coins, and exchange you trade. It's crucial to take what the markets give you and avoid tunnel vision by considering multiple indicators and time frames.

Additionally, we touch on the risks of trading volatile coins and using leverage. It's essential to understand these factors and have a solid risk management strategy in place to protect your capital.

Overall, becoming a successful trader takes discipline, patience, and a willingness to continuously learn and adapt. By implementing the strategies and tips discussed in this video, you can improve your trading skills and increase your chances of success.

Aere Teaches TA: Technical Analysis 101, Learn TA, Chart Patterns, Candle Sticks, Indicators, Support/Resistance, MEXC, Tradingview, Cryptoquant
Playlist:
https://www.youtube.com/playlist?list=PL8f_JJfxrjYpGgIjcgt-zFtWcVXJN7tEp

0:00 Intro
7:44 Set Stop Loss
11:50 Use Limit Orders
14:54 Take Your Time, Stick To Routine
16:27 Write Trades Wins/Loses Down
17:30 Use Real Money vs Paper Trading
19:40 TA The Charts/Coin/Exchange You Trade
21:36 Take What The Markets Give You
23:11 Tunnel Vision, Multiple Indicators/Time Frames
27:17 Volatile Coins
27:57 Leverage
30:27 Wrap-Up

Set Stop Loss
Use Limit Orders
Take Your Time, Stick To Routine
Write Trades Wins/Loses Down
Use Real Money vs Paper Trading
TA The Charts/Coin/Exchange You Trade
Take What The Markets Give You
Tunnel Vision, Multiple Indicators/Time Frames
Volatile Coins
Leverage

trading, stop loss, limit orders, routine, tracking trades, real money, paper trading, technical analysis, charts, coin, exchange, volatility, leverage, risk management, multiple indicators, time frames, discipline, patience, learning, adaptation.

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