Throughout my trading education(self-learning) most contents I read or watch regarding crypto trading states it point blank that "about 90% of crypto traders lose their funds"in the cause of trading.
This has somehow made me lose interest in learning to trade. Does this mean, that as a new trader or even the professionals have a marginal percentage of being successful in crypto trading? if your answer is no, then I guess there is rules or ethics you abide by that has made you successful in most of your trading.
I would be glad if members could share with us some of their tips and guides they've adopted in trading. I think good submissions will be of help to most people in this forum.
Thanks in advance!
Do this math
1- 90% are loosing. 10% are winning
2- if 10% are winning they have to win exact the same money those 90% lost - that means that they win 10 times more than other loose (because there are 10 times more loosers) - the only possibility for that is that they invested 10 times more - they are whales.
3- the only possibility to be in those 10% is to be a whale or to swim with whales
4- It is impossible for whale to use AT because it is impossible to buy huge amount of assets on AT buy signal because everyone is buying there (included AT bots). Whales dont use AT - they create AT. If they wont to buy they need strong supply - AT must give sell signal. If whale want to sell he need strong demand - AT must give buy signal than.
5- to swim with whales you need to know AT but dont fallow it like stupid 90% of loosers. Use it to find whales to swim with them.
To find whales you need a lot of experience. Start with lowest possible bet (~6 $ on binance) and do as manny trades as possible with as manny mistakes as possible and learn from each as much as possible. After months you will loose few $ on learning and you will start to earn. Then you should put more money. Mostly newbie trader read 1 book about AT then invest money, loose all and give up just beafore first conclusions.
To win on market you need to be better than those 90%. Knowledge is common. Experience and huge capital is not.