This should be move to trading section. What you have pointed out can really help the trader if they really like to gain a profit but it takes a patience in which most of the people really hate so I assume that only few traders can follow it hundred percent.

Especially the number 3, revenge trading. What most of the traders will double their assets if they lost some so they can easily catch up to what they lost or even gain a profit. This is like greedy trading which is very unnecessary if we really like to follow the low risk trading but others are rather gambler and they didn't think the same way.

how about use of Technical Analyses? some traders say this thing is very helpful. almost like voodoo stuff)))
and I think every person has its own rules.. for trades or investment..
and what worked well for you may not be good for another person because of several reasons : like knowledge base, temper, mentality and so on
but anyway, thank you for sharing

You should also include it in the list
Don't buy it while the price is still in the hype. Because you may be trapped by the sudden drop in prices.

Many trading investors are trapped in this situation because they think their prices will increase. And to keep the small traders out of the way, they stick to their pumps, and this is why they often fall victim to the Bull Trap.

Thanks for your comment. I have said to DYOR (do your own research) before start trading anything. I just have added some points and obviously there are lot of other things. Even most senior trader may fall into trap. Cause crypto is too volatile by nature. I forgot to mention another important issue. Don't open multiple trades at a time. It seems the more you trade, the better. Actually it is possible in theory. In reality, you will have more chances to lose money. What if you make major loss in multiple trades at a time? You can't handle the loss, always

I only have two rules:

1. Buy low.
2. Sell high.

Unfortunately, I tend to break the rules often. I hope everyone else does better.

never trade based on the news
the news is the emotional speculative layer...

also by the time media are talking about it the main trades are already done meaning your late to the party and you are at the tail end of the hype

my main success is looking at the costs of mining bitcoin and treat that a 'value' and then the market price above it as the spot/speculation. if the PRICE is far far above value, your in the hype/bubble zone. if the PRICE is near value then theres not much speculation meaning your getting in before any speculation hypes up

imagine it like the ocean people only see the tides/waves but they never see/think of the natural lower water level. all they hear about is the tsunami's of speculation/volatility
      \            hype (tsunami)
/\/\/   \  \     normal speculation(daily tide)
______\/__    value (underlying waterline)

everyone has different thoughts and rules, the rules you make are good but not everyone is suitable to use them, everyone has a different trading style, some are daily traders, some are long-term weekly or monthly, I think there is no problem trading on weekends or Friday, the problem is crypto is not the same as forex which will occur high impact when approaching the weekend.

What you mentioned has become part of the strategy of a trader except beginners, and in trading requires good knowledge and skills and is supported by a variety of different analytical methods and will likely differ from the methods you mentioned such as weekends and Fridays, not necessarily not good to trade.
and besides that I support it.

@franky1 Sounds that you're more a value investor like Warren Buffet than a trader. I really have respect for the people who take their time to make a thorough due diligence on a company, commodity or any kind of asset that is publicly traded. Do you have a formula or algorithm that you use to calculate the cost of bitcoin mining? If yes, would you mind sharing it with us.. or.. with just with me?