Been trading for quite a while now and it took me time to get to where i am today coming from a noob in trading. Trading cryptocurrencies was one hell of an experience for me.
The first cryptocurrency i traded back in late 2018 was bitcoin and i lost a whole lot of money trading it. I guess i didn't learn enough about the crypto market and the volatility involved before delving into it.
Ever since then, i picked another instrument of choice. I went into the FOREX trading. I plan on coming back into trading cryptocurencies but for now i'm still learning about the crypto market.
It was a painful experience though
What was your experience?
My experience has been for the most part positive but that does not mean that I have not made a lot of mistakes along the way, however the most important part is to remember that while most traders keep thinking about the profits they will get in fact your most important skill is your ability to limit your losses.
After all as long as your capital remains intact even if you lose an opportunity in the market you will have the time to catch another one but without capital there is nothing you can do in this or any other market.