How To Avoid Loss In Crypto Trading : Rule No. 1 : Vlog #1

Rule no. 1 : Don't get emotional & prepare a clear-cut pricing strategy

Set two target selling prices. One upper selling price & one lower selling price.

The upper selling price will generally be far & greater than your buy price. The lower selling price will generally be close & below your buy price.

When the price moves up then sell at upper selling price. When the price moves down then sell at lower selling price.

Example: Buy price: $1, Lower selling price: $0.9, Upper selling price: $1.4
Sell at either $0.9 or $1.4 based on price movement.
As per probability theory, this strategy may work because you are risking a small amount ($0.1 loss) for a big gain ($0.4 gain).