Beware of the amount raised: a project that has not raised enough funds will probably not be able to develop over time a project that has raised a huge amount will not have enough investors on the stock markets. And the most important thing is risk management. Never put all the eggs in one basket and invest too much of your portfolio in one ICO. From https://elitetrading.de/trading-software/bitcoin-revolution-review/ you can get the perfect options there.
Practical measures to be implemented immediately:
Fees, fees, and expenses: Multiple commercial actions = No more fees. It is always advisable to display the order (maker) and not to buy from the order book (taker). On the Poloniex platform, the difference is 0.1% in favor of the maker. It’s a little too much.
Traders without pressure:
Do not start trading unless all the optimal conditions are met to make the decision to start trading and know when and how to get out. The pressure almost always creates unsuccessful trading. Wait for the next opportunity, you will get there.
Set goals and place sales orders:
Always set your goals by placing sales orders. You do not know when a predator will rush to your currency to take your order and pay a reduced rate on the “maker” side as mentioned above. One effective strategy in this regard is to place very low buy orders. About a week ago, catastrophic dumping occurred, selling Augor’s currency at 25% of its value. After a short while, the market recovered slightly and anyone who placed low buy orders easily doubled or tripled their gains. Placing buy orders requires special attention. Do not wake up when you are far from the market to find that your buy order is suddenly higher than the current market price.
Spread the rumor, report the facts:
When the big news sites publish articles in the form of surveys, it is generally the right time to withdraw from the market.
Two formidable allies
You made a good exchange, but as always, when you sold, the value of your currency exploded. First, think of Murphy’s Law. Second, read what was previously written here and never get started if you’re under pressure. As long as there is profit – you are quiet. Go to your next transaction and don’t lose it.
Leave your ego aside.
It is not enough to have the right trading tools you have to make a profit. Don’t waste resources time and money trying to prove that you should have gotten into a trade. Remember, there is no such thing as a trader who never loses. No one is perfect and therefore the equation is simple: make the total profits greater than the total losses.
For a few months, Bitcoin has been in fashion.
There are countless forums on Bitcoin and Andlil opened following the request of members, broadcasts for the general public on television, in short, the general public has taken hold of the Bitcoin phenomenon. And we see more and more young traders going towards Bitcoin trading. They are attracted to advertising around Bitcoin. But also that Bitcoin experiences very large variations. Inexperienced people are immediately drawn to what is most volatile on the stock market. They dream of getting rich quickly and easily. You never get rich quickly and easily. On the contrary, Bitcoin carries with it all the seeds of what experienced traders want to flee: risk and uncertainty.