🧘 Discipline and execution: Trade less, wait for your opportunity

Frequent trading is the most typical way beginners wear themselves down. Placing five or six trades a day and treating trading like manual labor means fees, slippage, and emotional strain all eat away at your capital.

A more sustainable pace is:

· Only trade markets you understand; if you don’t understand them, stay on the sidelines. Trading isn’t about who makes the most trades, but who makes the fewest mistakes.
· Trade less often. Limit yourself to 2–3 trades a day, and only trade when you have a plan.
· Don’t chase rallies or be the last one left holding the bag. When even casual observers are talking about a coin, it’s often already in the distribution phase.
· Follow the trend: look to buy dips in an uptrend, and sit tight in a downtrend. Most people who try to pick tops and bottoms end up getting burned.
· Step away from the charts as soon as your emotions take over. Rushing to win back your money after a loss is often the start of an even bigger one.