5 Simple Rules for Long Term Success in Crypto #Simple #Rules #Long #Term #Success #Crypto Welcome to JibGlobe, here is the new resources we have for you today:
LUNA and Celsius holders were the latest to suffer huge losses in the crypto market. The truth is none of us trades in crypto without taking losses. Losses are part of our training and experience as traders. But, we can limit how often they occur and prevent some unexpected heartbreak. This is the only way to become a successful long-term crypto trader.
Would you like to learn how to prevent losses as a Crypto trader and ensure that your assets are safe? In this article, you will learn all you need to know about building the right set of rules that’ll ensure your success and keep things safe.
Rule #1: Stay Updated With the News and On-Chain Metrics
One of the best ways you can start your day as a crypto trader is to stay informed on what’s going on in the market, especially the project you are interested in. Many crypto traders make the mistake of diving right into the market without realizing that a lot can happen in a few hours. The market is often filled with hype and crappy projects. So, staying informed helps you make better decisions.
As a trader, it is best to spend some time each day touring through specific pages for :
Financial news: Going through Bloomberg, Forbes, Reuters, Investopedia.Com, and some others, could give you a hint on what’s happening.
Political and regulatory news: Government agencies across the world like the SEC are looking for ways to invade the crypto space and impose regulations. So, if any of these pull through, there might be some shake-up and limitations to the freedom we are all enjoying so far.
You can sign up for breaking news content on some of these platforms or if you are looking for crypto-specific news, our presenter Natalie helps you keep your finger on the pulse with her daily news videos. This way, you’ll receive alerts when something important happens that’s of concern to you. At the time of writing this article, this is the latest crypto news video on our channel: