What are the common mistakes to avoid in day trading crypto?

1 answers

• Rosana PereiraAug 17, 2020 · 5 years ago
  When it comes to day trading crypto, one common mistake to avoid is not having a clear trading plan. It's important to define your trading goals, set realistic expectations, and stick to your plan. This can help prevent impulsive and emotional trading decisions. Another mistake to avoid is not properly managing your trading capital. It's important to allocate your funds wisely and not risk too much on a single trade. Diversifying your portfolio can also help mitigate risks. Lastly, traders should avoid falling for scams and fraudulent schemes. It's important to do thorough research and only engage with reputable exchanges and platforms. Being cautious and skeptical can help protect your investments in the crypto market.
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