#TradingMistakes101

Trust me, 👐🏻👐🏻👐🏻👐🏻👐🏻

There's No get rich quick scheme in cryptocurrencies. And no one really knows which direction cryptocurrencies will take and least of all those paid groups that ask you to subscribe for the VIP membership.

They will make you lose often and win seldom and you wont be able to catch them if you lose. And just don't trust those cartoon characters on twitter — everyone is shilling the coin they hope is most likely to get pumped. For when the trade works out favourably they will tell you they are geniuses but when the trade fails they will blame it on imaginary whales.

Everyone is working around their own self interest in this sphere else why would they keep telling you that a certain coin is king but fail to explain how slow transaction speed and high fees is helping the king.

You are the small investor and they will tell you to hodl and if you believe them blindly, they will prod you to buy some other coin.

Don't ever get infatuated with the guy who charts all day, more often than not, he's simply trying to earn more followers and subscribers. That's the truth. There are no free lunches.

Never chase the green candle for what goes up, must come down. You're the hunter, not the prey.

Read — but not the Twitter and telegram sentiments. Study the white papers but that learning should be your own. You are on a mission, don't be a mere passenger. You will find yourself richer in knowledge first and after that the money will follow you.

Be patient — the first attempt towards cryptocurrencies started in 1979. Remember that, you are here for the long term.

Understand ichimoku, MACD, RSI and Stoch RSI. Invest in Tradingview, just don't pay a guy you met on Telegram. Heikin Ashi candles speak the truth. Learn about them.

Understand the power of larger time frames. You are still far from being a day trader. Believe.

Soon there will be sunshine, but the warrior has to stay in the game to reap the rewards. Don't forget putting a stop loss.