Here are three essential things I should have known before getting into crypto trading
1. Volatility is extreme, even by financial market standards
Cryptocurrencies can lose or gain 20–50% of their value in a matter of hours or days.
👉 This means you can gain quickly… but also lose everything very fast.
🔁 You absolutely must master risk management: never risk more than you are willing to lose on a single trade.
2. The market is often irrational and manipulated
"Whales" (large holders) or coordinated groups can cause artificial price movements.
👉 Even if your technical analysis is good, you can get "liquidated" due to a pump/dump.
🔍 You need to learn to read market sentiment, spot liquidity zones, and remain skeptical of signals that seem too "perfect".
3. The psychological factor is your worst enemy
FOMO (fear of missing out), panic, overconfidence after a gain… All of this can lead you to act irrationally.
👉 Discipline is more important than strategy.
🧠 If you don't have a clear trading plan (entry, stop loss, take profit), you will likely trade with your emotions.
