Hacks, that have potential to earn you a .... load of money
Never ever follow your emotions when trading.
Always calculate risk/reward before trading.
Know your entry and exit strategy.
Back test your strategy reconstruct historical data, trades that would have occurred in the past and check if the underlying theory worked well or bad. This way you have a better understanding for what might work for you in future trades.
Look for coins that’s oversold.
Some coins a safer to trade on a 1 day chart, others like Ethereum, Monero, Dash, Bitcoin and Litecoin can be traded long term with less degree of risk.
Rules for margin trading
If the trade doesn't seem to go your way in the first one hour, take your loss to minimize risk.
Never ever put full size in the beginning of the trade, you can always add on.
Calculate lending rate before executing a trade.
Follow your trading plan, this is vital to control risk of emotions.
Happy Trading!!
All the best,
Twitter: @FirstCapitalOne
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