🚀 5 Years in Crypto – The Lessons That Changed Everything!
For my first 2 years, I kept losing money. 💸 Why? Because I was making the same mistakes 90% of traders make. ❌
Here’s what I wish I knew earlier – read carefully and save yourself YEARS of struggle! 👇🔥
1️⃣ Mastering Indicators 📊
I used to clutter my charts with 10+ indicators. Big mistake! 😵💫
All you really need are 3 simple ones:
✅ RSI – Spot trend reversals before they happen.
✅ MACD – Confirm momentum shifts & trend direction.
✅ Moving Averages (50 & 200 EMA) – Identify strong trends & key levels.
Simplicity wins! Less confusion, better decisions. 🎯
2️⃣ Understanding Market States 📉📈
Crypto has 3 main market conditions:
🔹 Bull Market – Prices keep going up. Easy to make money. 🚀
🔹 Bear Market – Prices drop hard. Most traders lose big. ❌
🔹 Chop (Sideways Market) – The worst! Fakeouts & losses everywhere. ⚠️
Key Lesson? Trade with the trend! If the market is bullish, buy dips. If it’s bearish, wait or short smartly.
3️⃣ Risk & Position Sizing 💰
This was my biggest mistake! I used to go all-in on trades… and get wrecked. 🤦♂️
Now I follow strict risk management:
✅ Never risk more than 1-2% of your capital per trade.
✅ Stop losses are your best friend.
✅ Risk-to-reward ratio of 1:3 (Risk $100 to make $300).
Survival = Success. Stay in the game long enough to win. 🎯
4️⃣ Controlling Emotions & Avoiding FOMO 🧠
90% of my bad trades happened when I let emotions take over.
🚨 FOMO Kills: If you feel rushed to buy, you’re already too late.
🚨 Revenge Trading: Don’t chase losses. Take a break, come back strong.
🚨 Greed & Fear: If a trade is going well, take profits instead of hoping for more!
Crypto isn’t a sprint, it’s a marathon. Stay calm, stay smart. 💎