What are the common mistakes to avoid in crypto pairs trading strategies?

1 answers

• Jan 17, 2022 · 3 years ago
  When it comes to crypto pairs trading strategies, one common mistake is neglecting risk management. It's crucial to set appropriate position sizes and use proper risk-reward ratios to protect your capital. Without proper risk management, a few bad trades can wipe out a significant portion of your portfolio. Another mistake to avoid is relying solely on technical analysis. While technical analysis is a valuable tool, it's important to consider fundamental factors as well. Ignoring fundamental analysis can lead to trading decisions that are not aligned with the overall market sentiment. Lastly, don't forget to keep track of your trades and analyze your performance. Keeping a trading journal can help you identify patterns and mistakes, allowing you to continuously improve your strategies.
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