7 Must-Read Bitcoin & Crypto Trading Tips For 2024

Reasoned Trade Entry: Always enter a trading position with a clear strategy in mind, understanding why you're making the trade.

Zero-Sum Nature: Recognize that trading is a zero-sum game, where for every winner, there's a loser. Be aware that professionals are waiting for inexperienced traders to make mistakes.

Patience and Discernment: Understand the importance of knowing when not to trade, as there are days when it's better to stay out of the market to avoid losses.

Clear Targets and Stops: Set precise profit targets and stop-loss levels for each trade, avoiding emotional attachment to positions and coins.

Beware of FOMO: Be cautious of the Fear of Missing Out (FOMO) and avoid chasing pumps, as this can often lead to losses when the market corrects.

Risk Management: Manage risk wisely across your portfolio, avoiding excessive exposure to non-liquid and high-risk markets.

Altcoin Considerations: Be selective when trading altcoins, recognizing that many may lose value over time. Focus on coins with higher trading volumes and community support for long-term holding strategies.