And today he has amassed a huge fortune from the crypto world. I asked him: What is the secret to your success? He simply replied: Success in trading is not complicated, but it requires patience and discipline.
📌 The first thing he advised me was "things to avoid" 👇
1️⃣ Do not enter a trade while chasing the rising price; learn to buy when people are afraid and sell when they are greedy.
2️⃣ Stay away from leverage; it is the quickest way to lose your portfolio.
3️⃣ Do not invest all your money at once, as the market always presents new opportunities, and those who put all their capital at risk become prisoners of its movements.
💡 He then added the most important rules for short-term trading:
🔹 Direction is everything: If the rise stabilizes, wait for another rise, and if the drop stabilizes, wait for a new drop.
🔹 Do not waste your time and money in sideways fluctuations; it is the graveyard of traders.
🔹 Read the candles wisely: Buying opportunities come with the bearish candle, and selling opportunities with the bullish candle.
🔹 Speed in descending means speed in bouncing back, while slowing down results in slow outcomes.
🔹 Enter gradually with a tiered approach; this is a smart way to build strong positions.
🔹 After every long period of decline, a rise follows accompanied by fluctuations; here, do not look for the perfect peak or trough, just observe the changes and be quick in decision-making when the trend reverses.
🚀 In summary: Trading is not magic, but a mix of patience, discipline, and knowing when to act and when to wait.
