I remember the day back at the beginning of the year when I had the opportunity to buy $BNB for only $160, and it seemed expensive to me because it had just come from a considerable rise. Unfortunately, impatience and the desire for quick profits are our worst enemies. That is why after losing considerable amounts of money due to my mistakes, I leave you with 3 golden tips in this crypto world. You may not like them, you may not agree, you may think it is all garbage, but it is what worked for me to finally be able to generate profits in this newborn world:
1) Patterns, charts and rumors are NOT your friends. You must understand this as quickly as possible, charts and indicators help whales more to predict your movements and less to you to predict the market. Do not be guided by a line on the chart or by a triangle, even if everyone sees the same thing. If you can see it, the whale can too.
2) The fear of loss is what materializes the loss. If your crypto goes down, the worst thing you can do is sell. Never put in money that you are afraid of losing because whales use fear as a tool to get you to sell. Stop trying to catch the lowest or highest points and be consistent with your plan. Time and patience are an indispensable tool if you want to get something out of this crypto world. Reduce your number of operations to a minimum and only do necessary operations. Be tough with the market and of course with your operations. Being hesitant and indecisive will make you lose money.
3) Don't play at predicting the market in futures. Whatever they say, and even if whoever defends it, futures are the whales' playground. They raise and lower prices and rejoice as they liquidate as many accounts as possible, taking your money as they smile at how easy it is for them. Don't fall into the leverage trap. Do your cash operations and don't see trading as an activity that will feed you every day, because it isn't.
