#crypto $BTC $SOL #BTCWhaleMovement
If you are thinking about jumping into the world of cryptocurrency trading, first of all: breathe. Don’t get carried away by FOMO (Fear of Missing Out) or by that cousin who tells you he got rich with a memecoin. This is not a sprint; it’s more like a marathon (with obstacles, falls, and the occasional blessed uphill).
Here are some yes and no tips that can save you from a few scares 👇
✅ What you should definitely do
Learn the basics before putting in money. You don’t need to be an economist, but you should understand what a blockchain is, how a wallet works, what technical analysis is, and what the heck "liquidity" means.
Use demo accounts to practice. There are platforms that allow you to trade with fake money. Ideal for making mistakes without losing a dime.
Define your style. Are you going to do scalping like you’re a 5-minute chart ninja? Or do you prefer swing trading, like a surfer waiting for the perfect wave? Each style has its techniques and rhythms. Find the one that suits you.
Have a plan and stick to it. If you said you would exit the trade when you gain 5%, don’t get greedy and wait for +20%. That’s how the drama begins.
Manage risk as if you were your own insurance. Never put all your capital in a single trade. The classic: "don't put all your eggs in one basket" applies now more than ever.
❌ What you shouldn’t do (if you don’t want to cry in silence)
Entering to trade without knowing what you are doing. If your only reason to buy a crypto is "because it’s going up a lot," it’s better to wait. That phrase has been the intro to thousands of tragedies.
Letting yourself be guided by social media without criteria. Twitter and TikTok are full of "gurus" promising you the next Bitcoin. Do your own research. No one knows everything (especially in crypto).
Using money you need to live. Never invest what you need to pay rent, food, or baby diapers. This market is volatile, and you could lose it all in seconds.
Trading under emotions. If you are euphoric, sad, angry, or hungover… it’s better not to trade. Emotions cloud judgment, and trading requires a cool head.
Ignoring fees or commissions. Some exchanges charge more than a toll during rush hour. Check how much they take from you for trading, as that also affects your profits.
🎯 Bonus: your mindset is your best tool
Being a trader is not just about knowing when to buy and sell. It’s about having discipline, patience, and learning from your mistakes. It’s not about predicting the future, but about making calculated decisions.
And if one day things go badly (spoiler: it happens to all of us), don’t take it as a defeat but as a learning experience. Because a true trader is not defined by how many times they win, but by how they rise after losing.