Too many people enter the marketplace without a strategy and end up getting burned on their investments. If you want to be a trader make sure you have an entry point, and an exit point both on the high side and the low side. You need to know when to get into a position with profit, as well as when to exit without too big of a loss.
If you are an investor remember to do your due diligence, you need to look at the team behind the project, the use case of the company, and how viable the use case is. If the company doesn’t have a strong use case then they are eventually going to run out of money.
Contributor: Kyle Asman from bx3.io