The first stage of trading: not knowing that trading is a professional and difficult endeavor.
This is the first stage of your journey into trading. You heard others say that trading cryptocurrencies/stocks can make you a lot of money, so you got involved. I believe many of you entered the crypto space because you saw examples of others becoming wealthy.
Perhaps when you first entered this market, it was during a bull market, or you had a stroke of luck, and you found that trading was quite easy and profitable, making money by frequently entering and exiting trades.
Once a bear market arrives, or your luck starts to fade, you begin to incur losses. Then you start to double down and leverage your trades. Sometimes you win back some money, but more often, you find yourself losing even more. Others might tell you to hold on, invest for value, and accumulate, only to realize that your principal has dwindled to one-tenth of what it was.
If you enjoy contracts, like to study market trends, and research technical analysis, click on my avatar. I have years of experience and tips in the crypto space that I share freely. I’m here in the community, always online, and welcome discussions and mutual improvement.