It doesn’t matter how experienced you are at trading because nothing can be done to protect a person against the might of cryptocurrencies’ price swings. Currently, Bitcoin’s (BTC64% annually is the volatility metric, which measures daily fluctuations. As a comparison, the same metric for the S&P 500 stands at 17%, while the volatility spec for is at 54%.

Using five simple rules, you can avoid any psychological damage from an unanticipated 25% intraday swing. These strategies don’t require sophisticated tools or large amounts of money.