Be honest with yourself—are you part of that 95% who don’t succeed?
What’s the reason? It’s usually the same old story, over and over:
Thinking you’ll get rich quick with wild guesses.
A shaky foundation because you’re too lazy to read up and dig into the details.
Falling for the lure of massive profits.
Not having enough capital to size your positions properly.
Terrible risk management.
Greed and emotions that are all over the place.
And last but not least, FOMO.
Sound familiar? Do all these hit home for you?
If so, why do you keep going without facing the reality?
So, what’s the fix?
The crypto market is a wild, ever-changing beast—it can flip anytime, day or night. If you’re jumping in with nothing but guesses, you’re not trading; you’re gambling.
1. Master the Fundamentals
Dig into the details first—get the latest news on the coin, understand its tech adoption and regulatory landscape. Look at the project behind it: Is the team solid and trustworthy? What’s their track record? Is there a real-world use case? Does it have long-term potential? Is the ecosystem and community growing? Don’t just chase the hype.
2. Get Good at Analysis and Technicals
Learn to read charts—candlestick patterns, support and resistance levels, and tools like RSI, MACD, MA/EMA, Fibonacci, etc. There’s a ton of methods out there; pick the ones with the best odds that suit your style. (I personally use candlesticks, support/resistance, RSI, EMA, Fibonacci, and Linear Regression Channel Trends to predict timing and spot highs, averages, and lows across specific timeframes.)
3. Find Your Style and Timeframe
What kind of trader are you?
- Scalper (in and out in minutes or hours)?
- Day trader (buying and selling within a day)?
- Swing trader (holding for days or weeks)?
- Long-term investor (HODLing)?
Stick to your choice and strategy—don’t flip-flop when emotions kick in. (I’m a HODLer and swing trader myself.)
4. Risk Management
If you’re investing, don’t put all your eggs in one basket (diversify), unless you’re dead certain about a coin’s fundamentals and outlook—like Bitcoin.
If you’re trading, follow a risk rule, like only risking 1-5% of your total capital per trade. So if you’ve got $1,000, cap your loss at $10-$50 per position. Always set a stop-loss to cut losses automatically when the price drops beyond your analysis.
5. Keep Your Emotions in Check
Crypto’s full of FOMO and panic selling. Don’t buy just because a coin’s spiking, and don’t sell in a crash without a plan.
6. Stay Updated
Keep tabs on news (think CoinDesk, CoinTelegraph) and X communities to gauge the latest sentiment. For example, a new U.S. regulation can send the market into a frenzy. But watch out for rumors or pump-and-dump schemes.
7. Be Patient and Consistent
Success doesn’t happen overnight. Plenty of traders take losses—sometimes big ones—early on and pay a steep price to learn. It can take months or years to find your groove. Focus on the process, not quick wins.
A Bit of Advice from Me
I once lost nearly $20,000 before realizing the world doesn’t turn on a dime like flipping your hand. Crypto isn’t built for instant riches—fact is, 95% of people end up as liquidation fodder for whales or big retail players instead of cashing in. The 5% who make it? They’ve stuck with it and gone through the grind. Stay realistic and hustle hard out there. Pick crypto assets you think are safe to buy, hold, and shield your wealth from inflation over the long haul. High returns are just a bonus—the real win is not losing your money.
*This isn’t financial advice, just info and education. The crypto market’s a rollercoaster, so always Do Your Own Research (DYOR) before diving in.
