ETH - Five Mistakes Crypto Traders Should Avoid During a Bull Market | Benzinga
1.Decide Between Perpetual vs Options Trading
Determine how much leverage you have first. If the market is on a down trend, and you believe it will turn around, with perpetual trading you will have to pay all the way through the decline, catching a falling knife, as there is no protection from liquidation. If the price pattern keeps going up and down for an extended period of time, oftentimes as things go against your market perspective, you will keep having to put more money in. With options, variation doesn't matter as long as it breaks out before expiration and you only have to pay once.
2.Utilize Diamond Hands Strategy
Decide how much risk you can take if you were to put your money towards an investment for a year. How will you split it with the possibility it can go down more? If you're worried the market will go down - take 20% ...