I guess you could say I learned the hard way.
Joining any given exchange to trade Crypto is like joining a Sports Team. You might know the Sport but every time has their variation amd what works for them.
Same goes for the exchanges.
Here is some sound advice.
Familiarize yourself with the majority of coins available on your exchange. Lots of prices will vary between exchanges.
Every exchange has their popular coins which get pumped and dumped weekly. Watch and learn from the Trend here. Buy low,sell high and gain quick profits. (Keep this seperate from Long Term)
Find coins and companies in which you can see ling term gains. Then do your research on them. Then go look at those companies again. Do more research and then set it and forget it. Dont touch it for a determined period of time.
Monetize on referral bonuses offered in the industry. Ground rule is dont send people somewhere youre not partaking in or know that this place might be a scam just to make a buck.
Bitconnect, Binance, HitBtc, Coinbase........Dont panic when everything drops. Thats the easiest way to loose money. Wait it out and focus your energy on strategy to increase profits.
Dont settle for short term gains when you will bit yourself a few months later when that Voin skyrockets 500%. Be Patient! Think Big, Think Longterm. Most of these companies are devoting many personal hours to grow this industry...
Dont ever get Emotional and never spend more than you can loose! Ground Rules!
Dont fall for FOMO or HYPE. Follow your intuition and let the research guide you to take the right steps.
Plan ahead on what moves to make in certain instances and always have a plan B and 2 way to cash out.
Dont rush it. Wait for the right moment to buy or SELL. PATIENCE!
Create a Network of Close Friends and multiply your Brain Power!
Thats its Folks,
HAPPY INVESTING!
HAPPY HOLIDAYS!!