Trading

Hello. I am not a full-time trader, nothing I say is investment advice. I will just give my own experience and touch upon the many mistakes made.

1) If you want to be successful you have to follow the trend. Bull and bear. If you are trading trend reversal, you need a few different confirmations.

2) Even if you are trading in the small time frame, you should definitely look at the high time frame. Maybe there will be a big breakthrough or you may be at a point of resistance.

3) You should pay attention to liquidity. The topic of liquidity is complex, there are many details, but simply put, it is the prices that people trust and choose to place a stop loss on.

4) There are many trading techniques and types. You should choose the one that is close to you and not get confused too much. Knowing all the techniques will not help you much, but if you know a technique very well, then you can win.
Trend trading, Range trading, Breakout trading, Price action, Elliot blabla.

5) A coin can fall forever, never open a long position thinking "the price has dropped too much". Likewise, a coin cannot rise forever, but it can fall after you liquidate it.

6) The most important thing in this business is undoubtedly psychology. I don't remember how many times I lost because I couldn't manage my psychology. If you are lost, go outside, get some fresh air and spend time with your loved ones. Remember; Opportunities are endless in the crypto market, but you may run out of money.

Since I took a break from trading due to psychological reasons, I will constantly write about this topic (that's why the 6th article is the most important) :) That's all for now. Thanks.