1. first of all you see the chart and draw support and resistance
then check the trend then see what is the behavior of the market?
is it favorable for short or long?
2. if you want to trade in altcoins then you need first go on the bitcoin chart and see what's going on and also go to the BTC.d chart to check the dominance of bitcoin. before taking the trade.
3 what type of trader you are scalper > day trader? or investor
use time frame as like you are the trader?
tip also use 45 min chart it's
a golden thing.
4 always use risk management and calculate your position size
in my opinion please use less leverage like 4 to 5 if you are a trader then use this if not then I do not know do what you want then.
5 please before taking a trade assume how much loss you can easily bear. it is the most important point.
6 exit plan is the first priority we just enter the trade we enter and we do not know rather a stop loss hit or target point hit. the only entry is in our hands.
7 use stop loss without stop loss do not trade it's a genuine golden advice.
8 no one knows where the market goes but be patient and stick to your plan.
9 before trade always remember why are you taking this trade.
10 Always read my all articles to learn to trade
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