Hello everyone,
I would like to share with you my personal experience with trading, which started about a year and five months ago.
I didn't know anything about trading before, neither the stock market nor crypto, and I had never entered this field before.
Important notice:
I only trade spot trading and avoid leveraged futures trading for legal reasons.
💥 The beginning: A practical experience from which I learned by multiplication
At first I was watching videos on YouTube, but I didn't feel like I was really learning.
So I said I would try it myself and learn from practical experience.
I entered the market with around $200 or $300, not a very large amount. I wasn't going to enter with large sums, and I started entering into small trades.
Sometimes I would win one trade and lose the other, meaning the profit and loss were going together, but the percentage of loss was much greater than the profit.
Every time I lose, I gain a little, then try again, and so on…
My losses reached about $2,000.
I didn't lose them all at once, nor did I enter with a large amount from the beginning. The matter was increasing little by little with the many attempts.
But these losses made me wake up and start learning seriously.
After that, I started setting rules for myself... and when I committed to them, I started winning, thank God.
✅ The golden rules I followed
The first rule: patience
Patience is very essential in trading, it is the most important quality you must have.
The market needs calm and waiting.
Don't be reckless or in a hurry... Be patient, the market will recover, and the opportunity will come, but those who rush will never win.Rule 2: Don't buy while the market is green.
If the market is up (green), do not enter.
Wait for corrections, when the price drops a little, and starts to rebound again.
At that time, you will be at the beginning of the ascent, not its end.
You must maintain this rule to ensure that you do not lose 80-90% of the time.Rule 3: Have a clear goal in every deal.
Don't enter into a deal and say, "It's up to you and your destiny."
Determine your profit percentage in advance (5%, 10%, 20%, for example), and if you reach it, close the deal and take your profit.
Try to learn the support and resistance rule because it is one of the easiest and most important principles of technical analysis, and it will really help you know when to enter and exit.
Personally, I don't use stop loss, but in the capital section:
First, enter 30% of the capital, and if the price goes down, reinforce it by entering with the remaining 70% in stages (for example, in 3-4 deals).
So even if the target was 20%, after the boost it could be 15%, and that's a gain, not a loss.Rule 4: Always keep about 40% of your capital in your portfolio.
Consider them non-existent.
For example, if you have $1,000, work with only $600.
This is in anticipation of a sudden market decline, especially in the volatile crypto market.
I hope you buy at the beginning of the rise after the rebound from the support, to ensure that the price will rebound and rise again.The fifth rule: the legitimacy and strength of the currency.
Before investing in any currency, make sure that the currency is legal and liquid.
This means that the currency must be used for something that is not forbidden (no usury, drugs, alcohol, or activities that are not permitted by Islamic law).
You should also invest in strong currencies with high liquidity, and avoid currencies with weak liquidity.Rule 6: Give anything from your monthly earnings to God.
Take a portion of it to give as charity or zakat every month, and always make your intention that the profit is from God.
This is not your cleverness, it is the success and blessing of God who blesses you with your livelihood, and the more you give, the more you earn.
This is a summary of the experiences and lessons learned from one year and five months of trading, which I would like to share with you.
If you want to see more of my experiences or advice, follow me.
