Easy Start: A Simple Trading System for Novice Crypto Traders to Achieve Success

 

Did you know, most profitable traders do not have any amazing technology? They just perform simple trading strategies repeatedly. Their real strength lies in small losses and big profits. The simple advice for novice traders is to try out a light position first; when you are comfortable in that position, then increase your positions.

Indicators

It doesn’t matter what type of indicator you are using. No indicator is able to give you 100% results. What you are required to learn is to distinguish between long and short positions in the bull or bear market.

Do not open your position until you have verified that the trend has developed its route path. After the trend confirmation, it’s time to enter the market at a key point. Don’t give so much importance to the winning rate; it could be high if you have entered at a key point because it is the absolute point where potential profit is floating. From my experience, the bottom and the early stage of the trend are the perfect points where you can enter the market.

Stop loss

Trading is not a lazy game. Most new traders join the market because they think that they can make money. In reality, they are lazy, and they want to use shortcuts to make money. But real trading starts with protecting your capital first. After entering the market, your next step is to check repeatedly if a major trend line is broken. If it is true, quickly execute your stop-loss method and exit from the trade.

Take profit

The real profit is made from the light position if you have to find out the trend and open the first position, which should be light. The real profit you have made is based on your further position increment. If you are not obeying this rule, you can lose money. Because if the trend fails to move forward, you have to suffer losses.

The simple strategy is to increase your positions step by step. When it is evident that the floating profit falls back, increase your position. In addition, if you have entered the trend, never exit easily; give some time for more confirmations or divergence. It is much better to exit all at once, sell your coins at one time, and close your positions.