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Get away from the Youtubers and crypto influencers: Nobody knows sh* about f*
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Learn basic TA: You need to know support and resistance , formation of candles, patterns, indicators, divergence and have the ability to read the chart the way you feel like the chart speaks to you
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Start small: You will definitely lose in the first two years
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Be literally fearful when others are greedy and be greedy when others are fearful(quoted by Buffet): When you see loads of videos talking about pump, sell. When you see fear consuming the market, buy the dip(Get help from Fear and Greed index and step in with the whales: 10=Buy signal , 80-90=Sell)
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Learn the ability to find legit/scam coins and learn Market cap and supplies: Just because this crypto’s(that’s 0.1$) ath is 20$, doesn’t mean that it will hit it again)
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Focus on the process, not the profit: The market may move against you anytime so manage risk and money)
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Don’t follow the price, let the price follow you: You will always find that opportunity that you missed
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Don’t go all in even if Btc hits 1000$
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Dyor: even Btc is scam if you don’t do your own research
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Don’t treat the crypto like a family project, focus on your profit instead
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Diversify: Don’t put all your eggs in one basket
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Don’t trade in futures: You will 100% lose
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Learn the market psychology and control your emotions
submitted by /u/HomelessRichBoy
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