If you can’t sleep, you put too much in there. The cryptomen trader revealed how to avoid risk

You don’t have to be a seasoned trader to notice that cryptocurrency trading is on the rise and involves more and more experienced traders and investors.

This is largely due to the behavior of the digital currency market, which has seen a growing trend since the middle of last year, and has not more or less stopped except for a large slump in the first half of this year. This is one of the reasons why many inexperienced traders enter the market, wanting to do a lot in the shortest possible time.

Whether or not this goal is met, in both cases, everyone else is exposed to relatively high risk by trading in perhaps the most volatile of the financial markets, which they may or may not manage.

V last article we have introduced you to a few basic tips that every responsible trader and investor should know, and now we have turned to an expert in this regard.

We talked to Jakub Kraľovanský, who has been trading cryptocurrencies fully since 2017 and is the founder of the project Trader 2.0, which provides assistance and education in stock trading, but also teaches the technology that cryptocurrencies bring to this world.

In the interview, he told us not only how to properly regulate risk in trading and what beginners should follow, but also his opinion on regulations and legislation and cryptocurrencies, in which he sees great potential.

What will you learn in the interview?

• How Jakub got into trading and whether he perceives cryptocurrencies only as an asset for trading
• In which cryptocurrencies does he see the greatest potential and which exchanges he says are the best
• How can he take advantage of “bear markets” or situations where the market is falling
• How it regulates risk in trading and what it recommends to every beginner
• What role do psyches and emotions play in trading?
• How he perceives regulations and legislation in Slovakia and where he sees bitcoin at the end of the year

How did you start trading? What do you actually trade?

I started trading somehow naturally at university, because I was studying international trade, so Forex hit me, but I didn’t enjoy it that much, so I gradually got to bitcoin, where I was also interested in the technology, profits and I started become more interested in and trade in cryptocurrencies.

I am fully engaged in trading in cryptocurrencies, I am still only monitoring other markets, or I figure as a passive investor, I buy some gold here and there, but I am actively trading only in cryptocurrencies.

Do you perceive cryptocurrencies only as a marketable asset, or are you also interested in their potential?

I take it as an opportunity to earn money, as it feeds me, but I stayed with cryptocurrencies for their potential as a means of payment or a store of value, which bitcoin definitely is. I also see huge progress in DeFi platforms and when I look ahead there is still huge room for development and cryptocurrencies could shuffle the cards in many industries.

In which cryptocurrencies do you see the greatest potential and why?

Of course, it’s not a financial board, but now the big trend is DeFi and NFT, for me specific projects like Ethereum, Polkadot, the decentralized exchange Uniswap and of course Bitcoin, which is unique mainly because it was created by Satoshi Nakamoto and doesn’t belong to basically anyone – belongs to the people. My favorite is also Cardano, which launches the big phase of Cardano Africa and goes fully into the developing world, which I really like.

What do you consider to be the most important rules that beginners should follow?