Before you start trading in cryptocurrencies, first make it clear whether you are investing or speculating. You often see people in various groups saying that the price of a certain coin has risen and they are going to get on board. They say how much they have earned today. You will not make money by trading in cryptocurrencies this way.
When the market is good, you are excited. When the market falls, you are depressed. This is not the purpose of trading in cryptocurrencies.
At least you should divide your funds into two parts. One part is used to invest in some valuable and currently undervalued coins. The other part can be used for speculation.
At present, the people who can really make money in the cryptocurrency circle are long-term investors. Recently, many coin friends have asked how is this coin? Can I buy it? In fact, when you ask, you should first ask yourself three questions.
1. Why are you optimistic about this coin?
2. What is your profit target for this coin?
3. Where is your loss position for this coin?
Trading in cryptocurrencies is not speculation, there are only two steps: buying and selling!
$SAGA $TNSR $BTC
