In order to avoid overtrading and getting lost, I am listing 10 rules for Bitcoin and Altcoin trading here.

#1 Limit the trading coins

Only trade BTC, DOGE, ETH, MAID and another trending altcoin.

#2 Pick up the 5th altcoin carefully

The another trending altcoin must have high Volume such as about 1000 BTC in 24H, and it is on the uptrend.

#3 Don’t trade against your TA

Whether you are going to buy some cheaper coins for long-term investment, or to enter an uptrend trading, don’t buy or sell against the TA results.

#4 Set a stop-loss

Although a 10% to 50% loss is common on the crypto currency market, losing 10% is much more comfortable than 50%. And what is more, the TA is not 100% right. So setting a stop-loss after a limit buy or sell is very important. And the stop-loss will be just 2.36%.

#5 Check out your order history

Before putting the selling trigger, check out your Order History first, don’t sell at a loss price just because of memories.

#6 Buy or sell partly

Instead to buy/sell them all at a time, it is better to buy/sell a part every time, which will be more comfortable.

The order price will be placed according to the Fibonacci extension.

#7 Buy the rumors, sell the news

Before the news, rumors come first, this is the best time to buy in, when the news coming, others are Greedy, time to sell out. That’s why always dump on news.

#8 Be greedy and fearful

… be greedy when others are Fearful. … be fearful when others are greedy.

When the volume is very low, you know that others are fearful; when the volume is high and the price is high, you know that others are greedy; when the volume is lower but the price is higher, you know that others are fearful; and when the volume is higher but the price is lower, you know that others are dumping.

#9 Be Peaceful

When you are having a mood, whether up like excited, or down like angry, don’t trade. And only trade when you’re peaceful, 100% peaceful without any emotions.

#10 Keep learning

The market is always right, whether the price is up or down, you are only right when making profit. Keep learning and never hostile to change your mind.