5 Basics of Cryptocurrency Knowledge Every Trader Needs to Master Before a Bull Market

Risk management is essential for cryptocurrency traders – setting a stop loss limit before entry, based on 1% of the portfolio of each trade. Spot trading is safer than futures and can avoid hidden fees and clearing risks. Avoid chasing the positive line, but wait for the market to retest. Pay close attention to major events that affect market trends, such as token unlocking or Fed meetings. Develop a one-page trading plan that includes entry, stop loss and take profit levels to enhance discipline. It is these basic principles, rather than complex strategies, that distinguish profitable traders from 95% of the losses in the bull market.