2024 was an amazing year for cryptocurrency, we saw several BTC all-time highs, and some altcoins also recorded or reached new all-time highs.
While some people recorded great gains, some still have a lot to learn, and the way to learn faster is to review all trades and learn from them.
Some exchanges provide a recap, which will give you insight into your 2024 trading year. Some don't, and you must go through your trades individually. That's why having a journal is very important.
To improve in trading, you have to be intentional and disciplined on a trade-to-trade basis. I wish you all a great trading year. Please share how you plan to improve your trading so others can learn from it.
There is something I have learn from this market and that is not shorting the market during the bull run. I know it's hard to accept that we are in bull run but always have it in the back of your mind that people that are always bullish about the market are bigger and wider than the people that love shorting the market. You will most likely go home with nothing shorting the market because everyone believes we are in bull run but you think we are not there yet.
Another thing traders can use to improve their trading is learning to follow the news but learn to follow your intuition. I remembered when Trump was launched, I had the opportunity right infront of me to go long on Bybit when the price was $28 but somehow, my mind was warning me not try it and ignore, despite the hype around the coin, I refuse to neither but nor short the market. The coin went higher but took a dive move and now back below where it was trading when I saw it. Your mind is very important in trading, learn to follow it.
If you are just recently in the crypto space and this is your first halving of the bitcoin it seems you are getting overwhelm to the things, like a lot of things happen like the pump and dump of the market the euphoria of the price of the bitcoin and tons of projects. In trading you must need to make an awareness to yourself at first what is your goal why you are doing a trading, could be for just extra income or full time and also next is what is your ideal time to trade reason why is some of us have a lot of things needed to do and trading is one of it this could help you what time frame you will follow if short term or long term trading. Keep learning from your mistake and stick to the plan this is the thing I've learn from the previous years in trading and still its the same thing I recommend to other trades too.