Shadow's_way | Learning:
🔹 If someone had told me the 5 most important lessons before I started trading Crypto, I wish it would have been these...
Please read and implement these life-changing steps! 💡
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1️⃣ Don’t Bet Everything from the Start
If you're thinking about diving into crypto trading, DON’T bet your life savings, capital, or borrow money to trade. NEVER! 🚫
Instead, build relationships with people who have the same financial background as you and are at the same trading level. Share experiences, learn together, and grow stronger. 🧑🤝🧑
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2️⃣ Master the Basics Before Anything Else
Start small! Learn how orders work, what factors influence price movements, and how news impacts the market. 📈📰
Understand different types of orders and why they matter. You can’t succeed in this game without knowing the rules. 📚
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3️⃣ Start with What You Can Afford to Lose
Set a budget for your trading journey—money that you can afford to lose. Live trading is the best teacher, but it’s essential to keep your risks in check and start small. 💸
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4️⃣ Leverage Is Your Double-Edged Sword
Learn everything about leverage to prevent overexposure. 📊
Read, educate yourself, and if you can’t afford a book, download its PDF (it’s a sin, but we’ll forgive you when you're rich 😉).
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5️⃣ Practice, Practice, Practice
Spend a full year practicing—start with the lowest time frames, then experiment with tools like OBV (On-Balance Volume), VP (Volume Profile), and Divergence. Find a trading buddy to backtest with! 🔁💹
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6️⃣ Manage Risk & Keep Your Capital Safe
Trade a lot, but always manage your risk. Identify where you want to enter, determine your stop-loss (SL) and take-profit (TP) points, and use tools like Open Interest (OI) and Cumulative Volume Delta (CVD). 📉💰
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7️⃣ Repetition Is the Key to Mastery
Repeat this process 1,000 times. Over time, increase your risk as you get more comfortable and confident in your strategy. But never forget: consistency is key! 🔄📈
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✨ The Road to Success in Crypto Trading Is Long, but It's Worth It ✨
Success in crypto isn’t about luck; it’s about discipline, knowledge, and the relentless pursuit of improvement. With every mistake, you’ll get closer to mastering the craft. 🚀
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🌟 Remember, the key is to keep learning, keep growing, and keep grinding. This journey is yours! 🌟