Topic: Your cryptocurrency journey..... (Read 165 times)
I passed bull Market twice but iam not really make profit because I am too greedy, FOMO and not have diversify risk. Learn from this my mistake, I hope I can make better profit when bull Market coming again. Keep learn how to minimize the risk in high fluctuation of crypto is need it to make profit.
My crypto journey,well I will try to keep it rather short. Got introduced into crypto through Ponzi schemes back in 2016, lost a substantial amount, switched to turking on Amazon mechanical turk where I had to withdraw my earnings in bitcoin through purse.io. Then I stumbled on bitcointalk where I truly learnt what cryptocurrency, blockchain and trading was truly all about. The development and technical discussion boards and the bitcoin technical support board are great resources though a bit techy/nerdy for my liking!
You should have a proper knowledge before you can invest and trade in cryptocurrency. Without the necessary knowledge and experience you will just end up trowing away your hard earned cash.
From an Investment of 10k I am down to about 5K.....Had I not traded at all, I would very likely have 20/25k
A bit dissapointed you would think... Well not really just slightly annoyed at some of my decisions.
I am actually very happy that I did trade... Jumping in the deep end as i did I learned valuble knowledge that will hopefully help me to achieve my goals in the future.
Optimism. Never let that go.
It is one of the key to being a successful trader.
Forget about the losses and step up for another trade. You cannot just sit around regretting all those bad choices. It will not come back anymore.
I bet many of us here have the same experience but some just cannot get over it.
Try to forget and move on. That is my story.
My journey in cryptocurrency started last year October 2017 and invested in Bitcoin then tried trading then made the usual mistakes in trading then I learned and became wiser in my trades and then I was introduced into joining Bounty Campaigns which is also a source for extra income that is why I am here right now writing this comment down for my signature campaign on Blockshipping which is a very good ICO project.
My crypto journey began in October 2017.....
From an Investment of 10k I am down to about 5K.....Had I not traded at all, I would very likely have 20/25k
A bit dissapointed you would think... Well not really just slightly annoyed at some of my decisions.
I am actually very happy that I did trade... Jumping in the deep end as i did I learned valuble knowledge that will hopefully help me to achieve my goals in the future.
Trading without knowledge made me learn about my mistakes, how professionals trade and the strategies they use and most importantly trading experience. It is trading experience that will teach and help you control and improve your emotions.
I learned and educated myself about both fundamental analysis and technical analysis, candlestick patterns and formations, about trading view as well as learning about margin/levergage trading. I had the confidence to try and move into stocks a few months ago and opened a small stock trading acount with tradenet using many youtube traders of stocks for guidance and education and have a goal of having a larger trading account in a few years time.
I believe you can learn greatly using freely available resources like youtube, udemy,forums, and many many available websites.
You must be prepared to lose some capital for the purpose of your trading journey as most professional traders have done. Many good professional traders become successful after YEARS of learning and trading.
BEFORE you trade with larger account values.. I think the it is essential that you have learned the basics such as having a trading strategy as well as having some understanding of risk/reward.
One of the biggest mistakes I made was trading with my entire account value as new trader.
The account value is secondary to having good trading knowledge, and consistently making correct trading calls in growing your acount as well as having realistic targets. A target of 100% growth anually is an incredible target to achieve, which is just under 3% per week for an professional trader never mind a newbie trader. Thinking long term Is also important, imagine if you can grow your account by 100% anually, how much capital will you have in 10 years
If you can consistantly grow your small account their is no reason why the same wont apply with a larger account as a trader. Preserving your capital is the most important aspect of trading. Never feel like you have missed out or FOMO, as their will ALWAYS be another opportunity to make profit on a trade if you missed out on something.
From an Investment of 10k I am down to about 5K.....Had I not traded at all, I would very likely have 20/25k
A bit dissapointed you would think... Well not really just slightly annoyed at some of my decisions.
I am actually very happy that I did trade... Jumping in the deep end as i did I learned valuble knowledge that will hopefully help me to achieve my goals in the future.
Trading without knowledge made me learn about my mistakes, how professionals trade and the strategies they use and most importantly trading experience. It is trading experience that will teach and help you control and improve your emotions.
I learned and educated myself about both fundamental analysis and technical analysis, candlestick patterns and formations, about trading view as well as learning about margin/levergage trading. I had the confidence to try and move into stocks a few months ago and opened a small stock trading acount with tradenet using many youtube traders of stocks for guidance and education and have a goal of having a larger trading account in a few years time.
I believe you can learn greatly using freely available resources like youtube, udemy,forums, and many many available websites.
You must be prepared to lose some capital for the purpose of your trading journey as most professional traders have done. Many good professional traders become successful after YEARS of learning and trading.
BEFORE you trade with larger account values.. I think the it is essential that you have learned the basics such as having a trading strategy as well as having some understanding of risk/reward.
One of the biggest mistakes I made was trading with my entire account value as new trader.
The account value is secondary to having good trading knowledge, and consistently making correct trading calls in growing your acount as well as having realistic targets. A target of 100% growth anually is an incredible target to achieve, which is just under 3% per week for an professional trader never mind a newbie trader. Thinking long term Is also important, imagine if you can grow your account by 100% anually, how much capital will you have in 10 years
If you can consistantly grow your small account their is no reason why the same wont apply with a larger account as a trader. Preserving your capital is the most important aspect of trading. Never feel like you have missed out or FOMO, as their will ALWAYS be another opportunity to make profit on a trade if you missed out on something.
Every person who are new to something tends to fail at some point in the beginning, but if you use that failure and learn from it eventually you will be unstoppable.
My crypto journey began in October 2017.....
From an Investment of 10k I am down to about 5K.....Had I not traded at all, I would very likely have 20/25k
A bit dissapointed you would think... Well not really just slightly annoyed at some of my decisions.
I am actually very happy that I did trade... Jumping in the deep end as i did I learned valuble knowledge that will hopefully help me to achieve my goals in the future.
Trading without knowledge made me learn about my mistakes, how professionals trade and the strategies they use and most importantly trading experience. It is trading experience that will teach and help you control and improve your emotions.
I learned and educated myself about both fundamental analysis and technical analysis, candlestick patterns and formations, about trading view as well as learning about margin/levergage trading. I had the confidence to try and move into stocks a few months ago and opened a small stock trading acount with tradenet using many youtube traders of stocks for guidance and education and have a goal of having a larger trading account in a few years time.
I believe you can learn greatly using freely available resources like youtube, udemy,forums, and many many available websites.
You must be prepared to lose some capital for the purpose of your trading journey as most professional traders have done. Many good professional traders become successful after YEARS of learning and trading.
BEFORE you trade with larger account values.. I think the it is essential that you have learned the basics such as having a trading strategy as well as having some understanding of risk/reward.
One of the biggest mistakes I made was trading with my entire account value as new trader.
The account value is secondary to having good trading knowledge, and consistently making correct trading calls in growing your acount as well as having realistic targets. A target of 100% growth anually is an incredible target to achieve, which is just under 3% per week for an professional trader never mind a newbie trader. Thinking long term Is also important, imagine if you can grow your account by 100% anually, how much capital will you have in 10 years
If you can consistantly grow your small account their is no reason why the same wont apply with a larger account as a trader. Preserving your capital is the most important aspect of trading. Never feel like you have missed out or FOMO, as their will ALWAYS be another opportunity to make profit on a
trade if you missed out on something.
From an Investment of 10k I am down to about 5K.....Had I not traded at all, I would very likely have 20/25k
A bit dissapointed you would think... Well not really just slightly annoyed at some of my decisions.
I am actually very happy that I did trade... Jumping in the deep end as i did I learned valuble knowledge that will hopefully help me to achieve my goals in the future.
Trading without knowledge made me learn about my mistakes, how professionals trade and the strategies they use and most importantly trading experience. It is trading experience that will teach and help you control and improve your emotions.
I learned and educated myself about both fundamental analysis and technical analysis, candlestick patterns and formations, about trading view as well as learning about margin/levergage trading. I had the confidence to try and move into stocks a few months ago and opened a small stock trading acount with tradenet using many youtube traders of stocks for guidance and education and have a goal of having a larger trading account in a few years time.
I believe you can learn greatly using freely available resources like youtube, udemy,forums, and many many available websites.
You must be prepared to lose some capital for the purpose of your trading journey as most professional traders have done. Many good professional traders become successful after YEARS of learning and trading.
BEFORE you trade with larger account values.. I think the it is essential that you have learned the basics such as having a trading strategy as well as having some understanding of risk/reward.
One of the biggest mistakes I made was trading with my entire account value as new trader.
The account value is secondary to having good trading knowledge, and consistently making correct trading calls in growing your acount as well as having realistic targets. A target of 100% growth anually is an incredible target to achieve, which is just under 3% per week for an professional trader never mind a newbie trader. Thinking long term Is also important, imagine if you can grow your account by 100% anually, how much capital will you have in 10 years
If you can consistantly grow your small account their is no reason why the same wont apply with a larger account as a trader. Preserving your capital is the most important aspect of trading. Never feel like you have missed out or FOMO, as their will ALWAYS be another opportunity to make profit on a
trade if you missed out on something.
Well, I too joined crypto world in October 2017, but I have only invested 10 percent of what you had invested and not traded at all.
Eventually, mine initial investment did ended in dust, as I got scammed I had invested in ICO. After this bitter experience, mine confidence is somewhat shattered and so now I do not invest in ICO's anymore.
Though still in early stage, I had another option available and I turned my attention again on trading, cause I'm already having trading experience as I regularly trade in stock market. But I have to confess that I'm not that good in day trading, so I mostly try to do swing trades that too in very small quantity. This way I'm trying to buildup my portfolio, and any loss incurs would be small.
My crypto journey began in October 2017.....
From an Investment of 10k I am down to about 5K.....Had I not traded at all, I would very likely have 20/25k
A bit dissapointed you would think... Well not really just slightly annoyed at some of my decisions.
I am actually very happy that I did trade... Jumping in the deep end as i did I learned valuble knowledge that will hopefully help me to achieve my goals in the future.
Trading without knowledge made me learn about my mistakes, how professionals trade and the strategies they use and most importantly trading experience. It is trading experience that will teach and help you control and improve your emotions.
I learned and educated myself about both fundamental analysis and technical analysis, candlestick patterns and formations, about trading view as well as learning about margin/levergage trading. I had the confidence to try and move into stocks a few months ago and opened a small stock trading acount with tradenet using many youtube traders of stocks for guidance and education and have a goal of having a larger trading account in a few years time.
I believe you can learn greatly using freely available resources like youtube, udemy,forums, and many many available websites.
You must be prepared to lose some capital for the purpose of your trading journey as most professional traders have done. Many good professional traders become successful after YEARS of learning and trading.
BEFORE you trade with larger account values.. I think the it is essential that you have learned the basics such as having a trading strategy as well as having some understanding of risk/reward.
One of the biggest mistakes I made was trading with my entire account value as new trader.
The account value is secondary to having good trading knowledge, and consistently making correct trading calls in growing your acount as well as having realistic targets. A target of 100% growth anually is an incredible target to achieve, which is just under 3% per week for an professional trader never mind a newbie trader. Thinking long term Is also important, imagine if you can grow your account by 100% anually, how much capital will you have in 10 years
If you can consistantly grow your small account their is no reason why the same wont apply with a larger account as a trader. Preserving your capital is the most important aspect of trading. Never feel like you have missed out or FOMO, as their will ALWAYS be another opportunity to make profit on a trade if you missed out on something.
From an Investment of 10k I am down to about 5K.....Had I not traded at all, I would very likely have 20/25k
A bit dissapointed you would think... Well not really just slightly annoyed at some of my decisions.
I am actually very happy that I did trade... Jumping in the deep end as i did I learned valuble knowledge that will hopefully help me to achieve my goals in the future.
Trading without knowledge made me learn about my mistakes, how professionals trade and the strategies they use and most importantly trading experience. It is trading experience that will teach and help you control and improve your emotions.
I learned and educated myself about both fundamental analysis and technical analysis, candlestick patterns and formations, about trading view as well as learning about margin/levergage trading. I had the confidence to try and move into stocks a few months ago and opened a small stock trading acount with tradenet using many youtube traders of stocks for guidance and education and have a goal of having a larger trading account in a few years time.
I believe you can learn greatly using freely available resources like youtube, udemy,forums, and many many available websites.
You must be prepared to lose some capital for the purpose of your trading journey as most professional traders have done. Many good professional traders become successful after YEARS of learning and trading.
BEFORE you trade with larger account values.. I think the it is essential that you have learned the basics such as having a trading strategy as well as having some understanding of risk/reward.
One of the biggest mistakes I made was trading with my entire account value as new trader.
The account value is secondary to having good trading knowledge, and consistently making correct trading calls in growing your acount as well as having realistic targets. A target of 100% growth anually is an incredible target to achieve, which is just under 3% per week for an professional trader never mind a newbie trader. Thinking long term Is also important, imagine if you can grow your account by 100% anually, how much capital will you have in 10 years
If you can consistantly grow your small account their is no reason why the same wont apply with a larger account as a trader. Preserving your capital is the most important aspect of trading. Never feel like you have missed out or FOMO, as their will ALWAYS be another opportunity to make profit on a trade if you missed out on something.
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