The current bull market in the crypto market has pretty much started. And in all these markets it can be seen that the price of the coins increases a lot. At this time, the market is usually very unstable. If you want to profit from the market at this time, you must be very careful and also follow some things so that you can keep your money in order. Because it is possible to profit from the market in the current situation, you can easily lose your money due to some mistakes you make. Today I will discuss with you what we should do and what we should avoid in the current market so that we can save our money and grow money at the end of the day.

Don't Future Trade:

The current market, again, can be as profitable as it can be loss-making where your money can be wiped out in an instant. One of the most dangerous trades is the futures trade. If you look carefully, the price of the coins at the moment goes up or down so much that if you do this kind of trade at the moment you will easily run out of liquidity due to which your total futures balance will be zero. For example, two days ago, the price of Bitcoin suddenly went from $98,000 to $90,000 in a 15-minute candle. After a few moments it returned to the previous price. When the market becomes so volatile it can easily wipe out the investors future money so at the moment I think such trades should be avoided.

Don't Fall in FOMO:

Don't fall into the trap of FOMO or Fear of Missing Out. Because in these moments you may feel that the price of coins is going up so much that if you don't buy now you will miss a lot. But you have to remember that no coin will increase by hundreds of percent continuously. It is normal that the market will take a small correction after some increase. At that time you must buy the coins if you want to profit from them. So never fall into such traps in these moments.

Buy in depth:

You should never rush to buy coins at high prices but wait for some time. Because there are minor corrections in the market. During that time it is seen that the price of Bitcoin as well as other coins decreased. Buy the position when the coins fall in price. Or judge how low those coins can fall in advance and put a rate to buy one at that stage. So that the price of the coins decreased, you can easily buy them, you keep your eyes on the market or keep them. Then it will be seen that you can profit from this position.

Do DCA and be patient:

The most important thing in e-markets is dollar-weighted averaging. Which I have also mentioned through some of my posts. This is important because even if you buy a coin at a high price, dollar cost averaging will lower your purchase rate and give you a better return on the coin when the price continues to rise. And also be patient even if the market goes down. We all know that patience always pays off. If you can be a little patient in this market then hopefully you will be able to come out with a good profit in the future and in the middle of next year.