Post
Topic
Board Trading Discussion
Re: What did you learn about crypto trading?
by
cheezcarls
on 16/02/2022, 11:28:04 UTC
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.

The lessons that I’ve learned the most about cryptocurrency trading is all about risk management, decision making and testing our emotions whether if we missed out the pump or experiencing a negative portfolio. There is no perfect strategy in cryptocurrency trading. No promises or guarantees whatsoever.

The so-called “experts” and “gurus” out there can just simply guide you in some scenarios if that specific coin or token goes up or down. But either way, there are no astronomical guaranteed returns and their analysis and predictions aren’t accurate at all.  And also, stay away from those paid “signals”.