Secret Tips: How to Become a Successful Crypto Trader (Part 2)
As a trader desiring to be successful in the crypto industry, I recently started a thread that will help you realise your goal. Here is part two of the series.
1. Record Keeping: Every crypto trader must maintain a trading journal to track their decisions, successes, and failures. This helps you learn from your experiences. When you record your decision that led to an error or loss of funds, it will help you avoid the same error in the future.
2. Avoid FOMO and FUD: We see this a lot in the crypto industry owing to the fact that crypto is a speculative asset. If you want to be successful, don't succumb to the fear of missing out (FOMO) or fear, uncertainty, and doubt (FUD). Make rational decisions only.
Verify every piece of news before reacting.