What did you learn about crypto trading?
What did you learn about crypto trading?
Trading is not just to earn but also to learn. If you have learned about markets and traded them for over two years, I believe you have a lot of experience and you have learned a lot about it. Trading can be a deceiving profession because you can earn a lot through this and it could change your living but don’t forget the fact that if you do not spend the time to learn, you’ll just waste a lot of time and money.
Sometimes newbie in trading have the wrong mindset. They are just trying to make money as fast as possible, because they think trading can make them rich quickly which is definitely wrong perception.
During the time I started trading in crypto, I didn’t think of making huge money instead I was thinking how to trade successfully and how to avoid losses so that I can keep my small capital secured. In other word, I was afraid of losses. Spending time to learn and understand technical analysis, the trading view platform,and a market as a whole has shown me that making a living and earning good profit is possible in crypto market.
I’ve also learned that Trading is not an easy money machine. It always need your time and effort and most important you have a lot of knowledge, strategies, patience and self discipline. If you are able to enter, you should also determine your trade exit.
Managing the funds will also be important as that can relate to all of your funds that will be used for trading. If those people think about making fast money from trading, they are wrong because not all of the time the crypto market will get bullish but the bearish will also come to them. What I learn from trading is always prevent to buying all-in at once because that will not guarantee me to make a profit instead I can lose that money at any second. I also still trying to learn more about analysing the market which I think will be a long journey because the market will always change day by day. The next thing we should have does not greedy when we see the profit and get your profit while we can because the coin price will not always be at the highest price.
For me crypto trading is not only about knowledge wherein it’s for those people who can control their emotions and of course have respect on their self ..Because that’s the common problem of some traders especially beginners, at first they’ll have a good win rate but after all they’re losing too much and always wondering why it’s happening after all. Lol without knowing they were changed a lot because of greediness, .
Actual I’m not an expert but for sure most of the traders and even those successful traders nowadays experienced the same situation when they were new as well. So i can say that before entering trading make sure to remember these 3 words.. Respect, discipline, don’t bring your “emotions” when trading . Because thats the common problem why there are still some traders that can succeed after all.