The more you know the better!

The power of knowledge

Power of knowledge is incredible, the more you know the better you can analyze the trades and setup a good plan for that specific trade. what I mean by that is if you for example only know about trend lines but you don't know about the fibonacci then you only have half the knowledge of someone who knows about both these tools. The one with more knowledge can get a better calculated entry than a guy who only goes by one thing.

Broaden your horizons

This is purely to learn new things every day. Try to learn something new in what you love doing every single day. In this case that's probably trading since you're reading a post about trading. Every day I go into the charts and look for trading setups, the ones who try to broaden their horizon whether it comes to tools, the setups so the candle structure or simple formations.

Study the history

All we do as traders is we're looking at the history of the chart. we're glorified history professors. By looking at the history of a chart you can often find where the support is and where the resistance is on that particular coin you're looking at. You can see how the people react when it reaches a certain price range. We really do nothing more than just looking at the history and acting upon it as a trader.

Never Fomo!

Never get the fear of missing out, this is the worst thing that can happen to a trader, an experienced trader won't do this anymore, however if you're new in the game and you get the feeling you're missing out on the trade then it's probably already too late to enter and you should simply look at a different coin. Often when fomo kicks in is when the party is about to end.