๐ From $50K to $50M in Crypto: Lessons from 10 Years
Ten years ago, I entered crypto with $50,000. Today, thatโs grown into $50 million. Trading is simpleโbut simple โ easy. Bad habits can eat away profits. Here are the principles that shaped my success.
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๐ซ Three Things You Should Never Do in Trading
1๏ธโฃ Never chase rising prices โ Be greedy when others are fearful, fearful when others are greedy. Buy dips, not hype.
2๏ธโฃ Never use leverage โ It magnifies risk and destroys accounts faster than it builds wealth.
3๏ธโฃ Never go all-in โ Fully invested = vulnerable. Opportunity cost matters; the market always offers chances.
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Six Key Rules for Short-Term Trading
1๏ธโฃ Wait for clarity โ Trends follow stabilization: new highs after stable highs, new lows after stable lows.
2๏ธโฃ Avoid sideways markets โ Impatience during consolidation causes most losses. Sit out when the market chops.
3๏ธโฃ Trade against the candle โ Buy on bearish candles, sell on bullish ones.
4๏ธโฃ Watch momentum โ Sharp drops often signal sharp rebounds; slow declines mean slow rebounds.
5๏ธโฃ Pyramid buying โ Build positions gradually. This is the golden rule of value investing.
6๏ธโฃ Respect consolidation โ After declines, coins that rise usually go sideways. Donโt chase tops or bottomsโact decisively when trends shift.
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Trading isnโt about catching every move. Itโs about protecting capital, acting with discipline, and letting opportunities come to you.
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