Trading has been a popular way of making good money. However, that’s not the case for most of the traders out there. So, what’s going wrong? 

Every day this week  I will cover 1 of my ***7 Things To Consider When Trading***. I know your attention is valuable so I want to keep things short. 

**Table of Contents:**
1. There is no shortcut to becoming rich 
2.  <a href="https://steemit.com/trading/@altcointrading/day-2-7-things-to-consider-when-trading-2-money-management">Money Management</a>
3. <a href="https://steemit.com/investing/@altcointrading/day-3-7-things-to-consider-when-trading-3-treat-trading-like-a-business">Trading should be treated as business</a>
4. <a href="https://steemit.com/trading/@altcointrading/day-4-7-things-to-consider-when-trading-4-capital-is-the-key">Capital is the key</a>
5. <a href="https://steemit.com/trading/@altcointrading/day-5-7-things-to-consider-when-trading-5-protect-your-capital">Protect your trading capital</a>
6. Continuous learning
7. Keep going


## 1. There is no shortcut to becoming rich
Trading is often seen as a way of getting rich quick. Novice traders do make this mistake and lose a lot of money. They often buy at the top of a rally because they believe the price will continue to rise. If you’re a trader who has a trading plan, then you should know that any profit from 3-5% is good in traditional markets. On a normal day with cryptocurrency trading I often see a retracement after the coin goes up 10-15%. So you may want to consider selling after you’ve made that amount of profit and wait for the price to retrace slightly before buying back in. There are times that a coin will go much higher than 10-15% but nowadays that’s a rare occurrence.

<center>![lambo crypto earings.JPG](https://cdn.steemitimages.com/DQmRxcTjAed6ycVR6HGCU9T8VLZE5NEoBati1AvSV6vKKCq/lambo%20crypto%20earings.JPG)</center>

If you would like to read all 7 tips now then you can check out my full blog post <a href="https://www.altcointradingsignal.com/7-things-to-consider-if-you-trade-cryptocurrency/">here</a>


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