Is there anything new for crypto trading? Here are 5 tips on how to get started on the right foot 2022.

No matter how much you have experience in trading, it does not matter what you do, because there is nothing you can do to prevent inflation. Bitcoin (BTC) is currently trading at an average of 64% per annum. By comparison, the S&P 500 stands at 17% and WTI crude oil conversion rate is 54%.

But by following the five basic rules, the unintended 25% daily fluctuating effect can be avoided. Fortunately, these strategies do not require advanced equipment or large sums of money to maintain high flexibility.

Plan to avoid spending less than 2 years

Suppose you have $ 5,000 to invest, but there is a good chance that you will need at least $ 2,000 in 12 months for travel or car repairs or other activities.

The worst thing you can do is to make 100% placement in crypto because you may have to sell your site worse than ever before, perhaps below the cycle. Even if one plans to use the available DeFi pools, there is always the risk of loss or abduction of people with disabilities who will lose access to the funds.

In short, any funds allocated to crypto currencies must have a two-year break.

Always the dollar value on average

Even professional traders are taken for granted by the FOMO, which is urgently needed to build space. But, if everyone is constantly getting 50% and higher returns and even mem coins post stellar returns, how can you just stand by and watch?

The DCA strategy involves buying the same amount of dollars each week or month, regardless of market activity. For example, buying a $ 200 a year on a Monday afternoon can alleviate the stress caused by the constant urge to finish a place.

Avoid buying all positions in less than three or four weeks at all costs. Remember, crypto adoption rates are just getting started.

Do not use multiple indicators when analyzing

There are countless technical indicators including the Average Average, Fibonacci recovery levels, Boliger Bands, Directional Index, Ichimoku Cloud, Parabolic SAR, Relative Strength Index and more. Given that each of them has multiple structures, there are endless opportunities to track these indicators.

The best traders have enough experience to know that reading the market is more important than choosing the best indicator. Some prefer to monitor the relationship with traditional markets, while others focus only on crypto price charts. There is nothing right or wrong here except trying to track five different indicators at once.

Markets are volatile, and in crypto, this is especially true considering how fast things change.

Know when to go to the side

Eventually, when you find the lower or altcoin periods, you mistakenly read the market. Every trader sometimes makes a mistake and there is no need to compensate by immediately increasing the bet amount to recoup the losses. That is exactly the opposite of what one should do.

Whenever you have a “bad break”, go for a few days. The psychological impact of loss is a heavy burden and can negatively affect the ability to think clearly. If there is a clear chance, slide that one. Go for a walk, or try to organize your business side by side.

Successful entrepreneurs are not the most talented, but they are the long-term survivors.

Continue to invest in winners

This can be a very difficult lesson for all of us because investors have a natural tendency to make a profit on our winning positions. As mentioned earlier, the volatility of the crypto market is extremely high, so looking for a 30% profit does not cover your past (or future) losses.

Traders should buy more than sell the winners. Of course, one should not ignore the market information or the general sentiment, but if your expectations are too high, consider adding them to the market until the general market indicates some weaknesses.

One can finally make 300% or 500% profit by being brave and occupying the most lucrative positions. These are just some of the goal setting shareware that you can use.

Every rule is to be violated

If there was a roadmap for crypto marketing success, many people would have found it many years later and the returns have faded quickly. That’s why you should always be prepared to break your own rules.

Do not blindly follow investment advice from influencers or experienced financial managers. Everyone has their own food cravings and abilities to add places after the expected fall. But, most importantly, make sure you take care of yourself along the way!

The comments and comments described here are Author And do not necessarily reflect Cointelegraph views. Every investment and business venture involves risk. You need to do your own research when making decisions.