I am like many of you... when I first entered the market, I felt a great optimism seeing people making fantastic numbers, and videos, articles, and tweets telling you to buy this currency now. It will make 1000% soon, honestly... in the beginning, I believed and fell into that trap more than once 😅.
The market has no easy profits.
The first money I entered with was to buy Dogecoin, which is a meme coin, and I currently do not recommend investing in this type of currency at all. At that time, its price soared for two days, and I thought I became a great trader after a week... the price dropped by half, and I understood that there is no such thing as guaranteed profits, and if the market rises quickly... it can drop faster.
Spot trading is the safest way.
You are really here to buy the currency... in your wallet... if the market drops, you can wait on it. There is no leverage, no loans, no usury... your capital is with you. If you are a beginner, build your account on spot trading... this will protect your money.
Greed is your number one enemy.
Once a friend saw a coin soaring by 70% or more in a day, the TRUMP coin, and entered it late thinking it would continue to rise. But it dropped dramatically afterward, and he lost a significant part of the trade.
The market rewards those who have patience... and laughs at the greedy.
Work with your mind, not your emotions.
Stick to your plan... not to what people say.
Learn and don't rush.
Every day I learn something new... technical analysis... risk management... how to balance between currencies.
You are not required to be an expert from the first month... the market is there, take your time.
✅ Work on the spot... especially if you are still at the beginning of your journey.
✅ Stay away from margin and futures contracts... these are questionable in terms of usury and their risks are crazy.
✅ Don't enter a trade if you don't know where you will exit from it.
✅ The market doesn't always go up... and a drop doesn't mean a loss if you hold a strong currency.
✅ More important than profit... is to preserve your capital.
In the end, I see that I am still learning like anyone of you... the market requires patience and calm... I don't want people to rush and lose. And of course, all of this is just an opinion, not financial advice 😊👻.
