I started my crypto journey during Covid era with just 150 $ capital.
I converted 150 $ to 1500 $ in around 6 months.
I converted 1500 $ to 3000 $ in 3 months.
I converted 3000 $ to 700,000 $ in another 3 months.
All these through defi projects that were soaring at that time.
Can you believe I lost almost everything I made in less than 3 months? These are the mistakes that cost me my fortune.
The first mistake I did was I didn’t convert atleast a part of my profits to stable coins. I held most of the tokens and lost due to dumps and scams.
Second mistake was opening many big sized futures positions which got me liquidated several times.
Third mistake was trying to buy in to trending coins which showed upward momentum which dumped after I bought those again and again.
Now, with whatever is left I am trading very carefully with all the learning. I don’t take any sudden decisions by seeing the chart movement or sudden spike.
I patiently wait to open small positions and DCA with Stop losses.
Though it’s a long way to earn back what I lost, I am very confident that one day I will earn back many times more than what I lost.
Trade safe.
#TradeStories #LessonsFromTheMarket