What are the main things to keep in mind while trading

[luckyledger]

When you're trading the most important thing you should keep in your mind is to only trade those assets that are not so volatile and the ones with higher market cap. Those are less risky and can form new ATH as compare to low demand ones.

Older coins are more reliable, in fact.
Especially for the long run, but for trading, they can be chosen too, albeit the movements on them wouldn't compare to those new on the market.

[milewilda]

When you're trading the most important thing you should keep in your mind is to only trade those assets that are not so volatile and the ones with higher market cap. Those are less risky and can form new ATH as compare to low demand ones.

Older coins are more reliable, in fact.
Especially for the long run, but for trading, they can be chosen too, albeit the movements on them wouldn't compare to those new on the market.

Not all old tokens though not unless into those top 20 or 30 or 100 in the market that retained out their positions. We have seen some old projects that being delisted on known exchange
and been replaced by new projects on which we cant really be able to deny that when it comes to features and other functionalities then we can tell that new projects are really that more better on which it will really be that understandable that they would be able to climb up into the ladder and thats why names couldnt really be that the same in every cycle
and there would really be those new projects that would really be able to included into the top rankings.

[Gurujebs]

Older coins are more reliable, in fact.
Especially for the long run, but for trading, they can be chosen too, albeit the movements on them wouldn't compare to those new on the market.

I do hope you reconsider this again because not all coins are reliable and not all new coins are reliable. There are some old coins from 2018 bull run that has not reach their previous all time high, they have been stuck at where they are. The famous XRP is a good example of failed project that people never stop hyping in the crypto market.

If you are going to trade any coin of your choice, please make sure that you don't forget to use stop loss, this thing has saved a lot of people when they don't expect the market to go as they expected. It will save up from losses that will be difficult to stop from beginning.

[dekafee79]

Older coins are more reliable, in fact.
Especially for the long run, but for trading, they can be chosen too, albeit the movements on them wouldn't compare to those new on the market.

I do hope you reconsider this again because not all coins are reliable and not all new coins are reliable. There are some old coins from 2018 bull run that has not reach their previous all time high, they have been stuck at where they are. The famous XRP is a good example of failed project that people never stop hyping in the crypto market.

If you are going to trade any coin of your choice, please make sure that you don't forget to use stop loss, this thing has saved a lot of people when they don't expect the market to go as they expected. It will save up from losses that will be difficult to stop from beginning.

We should always do research and make analysis in choosing coins to trade and observe their movement in the market because not all old coins are necessarily profitable, but in my opinion the top 10 coins are always a safer choice to trade.
Always be careful and focus on observing in choosing these coins, because there will always be risks.

[lombok]

Older coins are more reliable, in fact.
Especially for the long run, but for trading, they can be chosen too, albeit the movements on them wouldn't compare to those new on the market.

I do hope you reconsider this again because not all coins are reliable and not all new coins are reliable. There are some old coins from 2018 bull run that has not reach their previous all time high, they have been stuck at where they are. The famous XRP is a good example of failed project that people never stop hyping in the crypto market.

If you are going to trade any coin of your choice, please make sure that you don't forget to use stop loss, this thing has saved a lot of people when they don't expect the market to go as they expected. It will save up from losses that will be difficult to stop from beginning.

We should always do research and make analysis in choosing coins to trade and observe their movement in the market because not all old coins are necessarily profitable, but in my opinion the top 10 coins are always a safer choice to trade.
Always be careful and focus on observing in choosing these coins, because there will always be risks.

When selecting the coin to trade, it is possible to rely on the performance and stability of the coins with high turnover and reliable base in the market. The key focus is that there are more significant fluctuation in the bottom coins relative to the top coins, indicating that the latter are less responsive to market changes due to more developed ecosystem; However, it is still important to track top coins’ trends and market sentiment toward each coin since high volatility is inherent to all crypto assets. We will be able to evaluate the risks and opportunities of the selected coin if we consider the basics and characteristics of technical analysis. We know that consistent research and the fine analysis of all the factors involved helps to maximise the chances of making a profit while controlling the risk.

[Findingnemo]

Trading is a combination of many things, but for me fundamental analysis and risk management is kind of key factor that one should master at to sustain in trading career, lot of people jump into trading after reading they can make shit tons of money in short term but they don't realize it's not possible for everyone to attain such profits and those are like winning a lottery since it happens on random occurrence not by doing any strategy and make millions out of it.

[dekafee79]

Trading is a combination of many things, but for me fundamental analysis and risk management is kind of key factor that one should master at to sustain in trading career, lot of people jump into trading after reading they can make shit tons of money in short term but they don't realize it's not possible for everyone to attain such profits and those are like winning a lottery since it happens on random occurrence not by doing any strategy and make millions out of it.

Technical and fundamental analysis is basic knowledge for traders and we must understand it. Because from the analysis we can develop a strategy to run trading. We must also understand the character of the coin and always monitor the market and read the news, because the news also has a big influence on the price of the coin.

[pieppiep]

Trading is a combination of many things, but for me fundamental analysis and risk management is kind of key factor that one should master at to sustain in trading career, lot of people jump into trading after reading they can make shit tons of money in short term but they don't realize it's not possible for everyone to attain such profits and those are like winning a lottery since it happens on random occurrence not by doing any strategy and make millions out of it.

Technical and fundamental analysis is basic knowledge for traders and we must understand it. Because from the analysis we can develop a strategy to run trading. We must also understand the character of the coin and always monitor the market and read the news, because the news also has a big influence on the price of the coin.

We also will have to rule out the fact that every trade in the market must have a clear technical and fundamental strategy eliminating any guesswork since all our trades will underpin these foundations. Of course, it is necessary to constantly open your charts and track what is happening in the world and in the market itself. When all these are incorporated, it is easier to trade knowing that the possibility of making some errors has been done away with.

[LUCKMCFLY]

because I used to lose the opportunity to sell and make a profit because I held back to get a higher profit, it turned out that I ended up losing.

Without a doubt, things are like that, for me that is one of the things that is most difficult to control, it has happened to me too, and another thing that has happened to me recently, is not knowing how to have patience to operate, that suddenly I want to operate quickly to have quick profits, sometimes one believes that what one knows is enough and because of that desperation sometimes one operates badly, and that is not good, I have always seen that the best of this for trading is that it does not matter how long we take doing the analysis, what really matters is that the operation that is done is positive and one wins, I, for not having opatience, lost 10usd and the truth is that I have not been able to recover them yet, it is little, but it is significant because I could not control my impatience.

[taufik123]

Determine in advance what type of trade to make and make sure to master the trade.
As in Spot trading, it is perfect for beginners or for those who don't want to focus too much on quick profits or fairly relaxed trading.

Don't make trades that you don't even understand like futures trading looks easy, but in fact it can be a place to lose all your money if you can't control futures trading.

And what influences a trade is the psychology of trading, greed and how to take every decision for a trade.
It is not easy to do because this will require experience and practice.

[dekafee79]

Determine in advance what type of trade to make and make sure to master the trade.
As in Spot trading, it is perfect for beginners or for those who don't want to focus too much on quick profits or fairly relaxed trading.

Don't make trades that you don't even understand like futures trading looks easy, but in fact it can be a place to lose all your money if you can't control futures trading.

And what influences a trade is the psychology of trading, greed and how to take every decision for a trade.
It is not easy to do because this will require experience and practice.

You are true that trade needs experience and practice, and we must adjust to our abilities and ideas in choosing a perddaganaga method. I am not an expert in Futures, so I also chose a trading spot because in my opinion it is safer, I lost a lot of capital when trading on Futures.

[Aanuoluwatofunmi]

Emotion and risk management are what we should always keep in mind because these are the major determination to what we have whenever we are trading, when we are not easily moved or persuaded by what we do and how it related on other things that doesn't not concerns us, then we may also have to consider loss as something we may not have to avoid seeing at all times.

[malah]

Emotion and risk management are what we should always keep in mind because these are the major determination to what we have whenever we are trading, when we are not easily moved or persuaded by what we do and how it related on other things that doesn't not concerns us, then we may also have to consider loss as something we may not have to avoid seeing at all times.

Of importance when trading is that both individuals play a central role of ensuring stability is maintained. There is also less likelihood of running helter skelter with our emotions, especially after achieving a great move or when eying our opponent’s weak point, there is more discipline and less attraction to minor unrelated diversions.

That is why the losses should also be viewed as something natural and that should occur periodically not as something that must not occur at all. Knowledge that risk is an inherent feature of trading enables us to be more prepared to various scenarios with sound psyche.

[21Pilots]

Emotion and risk management are what we should always keep in mind because these are the major determination to what we have whenever we are trading, when we are not easily moved or persuaded by what we do and how it related on other things that doesn't not concerns us, then we may also have to consider loss as something we may not have to avoid seeing at all times.

Of importance when trading is that both individuals play a central role of ensuring stability is maintained. There is also less likelihood of running helter skelter with our emotions, especially after achieving a great move or when eying our opponent’s weak point, there is more discipline and less attraction to minor unrelated diversions.

That is why the losses should also be viewed as something natural and that should occur periodically not as something that must not occur at all. Knowledge that risk is an inherent feature of trading enables us to be more prepared to various scenarios with sound psyche.

Exactly, Especially when trading it is important to keep rigid discipline, banish unnecessary temptations to fluctuations and to manage them with stability. Losses are actually part of the process which actually prepares us to face all the situation with a sound mind. The risk which is present is not something that can be considered as an absolute taboo and should not be present at all but part of our trading process.

[taufik123]

You are true that trade needs experience and practice, and we must adjust to our abilities and ideas in choosing a perddaganaga method. I am not an expert in Futures, so I also chose a trading spot because in my opinion it is safer, I lost a lot of capital when trading on Futures.

It is not recommended to trade futures if you do not have good enough knowledge of trading analysis, especially if you only rely on guesswork, it will only be a waste of money.

I also had a lot of losses in futures when I first did it and I was emotionally unstable and more stressed because I had to decide where to take profits and most importantly I had to place a stop loss.