Trading - The free advice I should follow (incomplete)

For most traders, this crisis is the first. It's not easy the first time. Trading is difficult/risky/complex on a "normal" market. During a crisis the whole market moves quicker, the amplitude is different, volumes traded are hectic... It's a mess.

I looked at the charts with weekend eyes and I don't even know if this is a small crisis or just a shy start of a crisis. There's also the possibility that it's not a crisis but some sort of rearranging the ducks, I don't know. Will see... Monday will give us clues about where the market will go and I plan to go with the flow = follow the trend and bet against the majority.

The free advice I gave myself in the form of oneliners in no particular order:

* You don't need to pinpoint your entry, trading is not darts.

* It's better to open your trade 2-5 minutes late, than 1 minute too early.

* Better close the trade 10 minutes too soon than 1 second too late.

* Stop Loss is vital because without the SL you'll blow your account in the first week.

* Trading is not poker, you never go all-in when trading.

* Trade only what you know. Know what you trade.

* Trading is an adventure, especially if you do it without the proper research.

* Do Your Own Research. Always and all the way.

* Don't believe, do the math. Hopes and prayers don't move the market.

* If you believe, I'll bet against you. I'll win.

* Trading is an educated bet. You bet that the price will go up or you bet the price will go down.

* Yes, Bitcoin will recover. We agree on that. The market will recover. But when?

* 2008 was a kid, now it's a grownup and we call it 2020.

* Closing a losing trade acts as a tourniquet, it stops the bleeding.

* Look at the market as the sum of all human actions in a chart.

* Do not trade what you believe, trading is about money not about your ego.

You can ask. Ask like there's no tomorrow. They say there's no stupid question, I disagree. All questions asked by someone who learns, so from someone who does not know enough about the subject, might sound funny. But the purpose is that you learn to trade and not that you ask smart questions. There's no prize for the smartest question. Teachers and students are equally wrong.

Disclaimer: Trading can be a challenging and potentially profitable opportunity. Before deciding to participate in the market, you should carefully consider your investment objectives, level of experience, and risk appetite. Do not invest money you cannot afford to lose. There is considerable exposure to risk in each transaction. Any transaction involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity. My opinions, research, analyses, advice, are general market commentary and does not constitute investment advice.

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