Turned $500K into $30M in 5 years — no luck, no shortcuts, just sticking to key principles.
After 9 years in the markets and conversations with over 10,000 traders, one thing stands out: fewer than 1% succeed — and it mostly comes down to a lack of true understanding.
Here are 6 hard-earned lessons that made the difference:
1. Strong consolidation near the top usually leads to new highs. Weak consolidation near the bottom? Expect lower lows.
2. Avoid trading in sideways markets — that’s where most traders lose.
3. For seasoned traders: buy on red days, sell on green ones.
4. Gradual declines lead to slow recoveries. Sharp drops? Quick bounces.
5. Buy using a pyramid strategy — increase your position as price drops, but only if you know the asset's worth.
6. After any major move, expect a period of sideways action.
Be patient. Be strategic. Understanding the game always beats hoping for luck.