Good principles to follow for profitable trading:
1. Don't put all your capital into one trade or coin. As one bad trade or an issue within the coin's company will wash your account. See $OM , who crashed more than 90% in a few hours.
2. Avoid using high leverage in futures trading. Crypto market is very volatile and prices can go down quickly before rising to your target.
3. Always set a stop loss below at least one or two support level prices. So you would have two chances of rebound before the stop loss price.
4. The best strategy is to buy low and sell high. Select coins from top 20 and buy them when the whole market is in red and they are at their lower support levels. Do DCA if prices fall more. You will be in profit when the market recovers.
5. Do your own research and look at charts with all time frames before following anyone's guidelines or trade setup.
