Do you remember how your mother taught you to keep things in order? Like at our home, the same goes for business, everywhere the discipline is binding. Today we will talk about an activity, which everyone likes – about counting money.
Crypto trading – is a very demanding activity, which requires extraordinary responsibility, accuracy, and patience. Despite that investing in crypto seems to be such a game or a casino, where people are making money hand over glove without any effort, it still requires particular skills and much experience.
It doesn’t matter how much money you have at the crypto exchange platform, establishing management and calculating your income will help to develop in crypto trading with confidence. Let us discover why it is necessary.
Why are measuring results needed?
Summing up the results after every week, month, or quarter will help you see the whole pattern. You can correct mistakes and gain priceless experience, comparing dealing with different tokens and following various strategies.
We prepared a list of tips on measuring results at crypto trading while having different coins in your portfolio and using different cryptocurrency trading strategies. Check out the info below to learn below.
Systematise your crypto trading performance and provide a place for every point in a particular column, where you should write down:
Also, it will be helpful to try trading at different pairs, like ETH/USDT and ETH/BTC, where sometimes it can be better to use the second one.
Some use a swing cryptocurrency trading strategy; others prefer scalping, try both and choose the better one for you. Nothing prevents you from varying your routine with automated trading, which covers a bigger part of the market. For instance, you can trade on your own following swing strategy and “hire” a bot for scalping.
As for our bots, which are connected with all the best crypto exchanges, our cryptocurrency trading bot integration lets you automate your trades by following our signals and placing them directly into your exchange. The bot copies our take profits, stops losses and can even be fully automated.
While scalping, just for the record, don’t forget to consider calculating fees, which can become tangible according to a large number of trades.
Make notes after every trade, increasing or reducing the risk and checking out the results. Learning from your own mistakes will help you choose your trading style, which you should try independently.
Create a list of desirable goals, for example, for one month forward and mark reached ones.
It will be a great motivation to develop and earn more and more.
Is crypto trading profitable? That’s the question of all newbies, who want to start their crypto trading activity. Fortunately, here comes a solution – trading signals.
Trade like a king both: on the spot and futures, even during the bear run. Make money even without experience, relying on sublime signals.
“There is a time to go long, a time to go short and a time to go fishing.” – Jesse Livermore.
When looking for a proven signals service, check out the statistics first. You can check out our telegram channel with trading results to confirm our honesty.