The biggest mistake new traders make is the "all of nothing" buy
Split your money into 2 or 3 and buy 2 or 3 times - similarly as you are making profits slowly sell some to lock in profits
If you buy at .0005 1st time for say $3,500 and then for some weird reason it goes down - do not think it will - you buy your next buy at a lower price
It if starts to run and upticks to .0005 x .0006 then you know your trade is moving correctly (UP) and then you buy your next say $3,500 or then if you are very sure you buy the rest
If the price stays here at .0004 x .0005 then make your next buy after 2:45pm as we enter the power hour of the day
That way you do not get shaken out easily
This takes discipline and patience
To quote a line from James Bond that I have on my wall "Discipline 007 Discipline"
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