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 ?Trading cryptocurrency is a bit fun and exciting; however, its risky knowing that you are playing real money.
Basically the idea of trading is that you should not lose yourself with the intense mechanism of the market especially trading with
very volatile and liquid market like BTC and ETH. In fact, I created a lot of techniques from creating my trading set-ups out of technical and
fundamental factors, making my own strategies to lure out fake walls, FOMO "ing", fake price reversals then suddenly pumping the price along
with our peers and groups(mostly for low volume market).
Well, everything should be played within the market to maximized profit, right! However, I settled with consistent losses and the saddest part,
I end up cutting my losses. Although, it kinda exciting but time will come up that you need to think a little bit further, cause you are not only fighting with the price
but rather controlling one`s fund and fighting with your own emotion. The concept of trading for me is self-discipline. And even if it is fun, it kinda kills my time and ends up having profit and losing at the same time.
So, I think maybe my trading skill sets need to step-up, that is when I decided to teach other people and sell my strategies on how to trade better. And this one is very odd, although it didn`t
really work for me but it worked to those whom I taught. Really, most of them get huge profits out of my strat, some may even withdrew thousands and me "
"
.
That`s the time I decided to sell information and trading only when the market showed potentials. I am day trader before, and now I am swing trader/position trader.
Also, am hodlers of crypto coins and fascinated to be a pioneer trader/investor on any potential, disrupting the future, and developing projects/coins/tokens in circulation. Hope this will inspire newbies (traders) out there...