Chapter 12: Cryptocurrency Trading Mistakes to Avoid

Question 1

create a system that is based on simple guidelines for risk management, _______, and exits

Answer 1

entries

Question 2

expert _______ maintain their balance properly

Answer 2

traders

Question 3

within your cryptocurrency portfolio, 70% can be your long term ________, 15% may be allocated for trading, and another 15% can be in cash/ savings

Answer 3

holds

Question 4

_________ is necessary in trading

Answer 4

journalling

Question 5

expert traders _______ down their plans in their journals

Answer 5

write

Question 6

make it a point to always record your _______ state, trade results, and thought process

Answer 6

emotional

Question 7

expert traders are used to exiting trades once they get too ________

Answer 7

crowded

Question 8

don’t blindly ______ trading gurus

Answer 8

follow

Question 9

abstain from ______ trading

Answer 9

bottom

Question 10

bottom trading

Answer 10

monitoring à cryptocurrency asset’s downturn and aim to purchase it at the lowest possible price

Question 11

you need to master your _________

Answer 11

emotions

Question 12

HODLing is essentially a ______ idea

Answer 12

bad

Question 13

don’t _______ in cryptocurrencies that aren’t valuable

Answer 13

invest

Question 14

you should never allow your cryptocurrencies to stay on an _______ if you’re not trading actively

Answer 14

exchange

Question 15

the market is the sum of every economic ___________

Answer 15

transaction

Question 16

staggered selling

Answer 16

a process of selling assets on a given market in stages

Question 17

sunk cost fallacy

Answer 17

concerns staying involved in something just because many resources have been investing in it

Question 18

you shouldn’t risk losing money due to the seemingly inordinate amount of time, _______, money invested in a project, currency, etc.

Answer 18

labour