My Journey in Trading: Hard Lessons and Valuable Insights
Trading has become more than just a hobby for me—it’s now a lifestyle. Even though I’ve lost everything I once had, I don’t regret the journey. In fact, over the past four years of trading—especially the last year and a bit on Binance—I’ve gathered some crucial lessons. These are things I wish someone had told me when I started, and I’m sharing them with the hope that you can avoid the mistakes I made and find a smoother path to success.
1. Never Put All Your Eggs in One Basket No matter how much faith you have in a particular coin or project, never invest all your capital in a single asset. Markets are unpredictable, and diversification is your safety net.
2. Always Keep Some Cash in Reserve It’s tempting to invest every dollar, especially when the market seems full of opportunities. But always keep some funds in your wallet untouched—consider it your emergency reserve for unexpected opportunities or downturns.
3. Don’t Be Greedy This is one of the most important lessons I’ve learned. If a coin you’ve bought has gone up by 30%, take the profit. Don’t wait for 40% or 50%, thinking the price will keep climbing—it might just crash instead. Secure your gains.
4. Believe in Dollar-Cost Averaging If you believe in a coin, allocate a set amount of money for it and buy in phases. Don’t invest all at once. Buy a portion now, and keep buying more if the price drops. This strategy can lower your average entry price and reduce your risk.
5. Trust Yourself Over the Noise Confidence in your own analysis is key. Don’t let random posts or hype on social media (like Square or similar platforms) cloud your judgment. They often create noise that leads to emotional decisions, which can be costly in trading.
⸻
Final Thoughts
The road to becoming a successful trader isn’t easy. You’ll make mistakes, and losses are part of the game. But with discipline, emotional control, and the right mindset, you can minimize those losses and maximize your potential. Most importantly, believe in yourself and treat every setback as a lesson, not a defeat.
Keep learning. Keep growing. And never trade with money you can’t afford to lose.
Do you think it will witness substantial growth in the future? Is it a suitable and promising option for investment? And what tips or recommendations would you offer me before getting involved in it? #KERNELUSDT $KERNEL
$ACT 🔥🫡 ACT is likely to retrace to the $0.053 support zone, which previously acted as resistance. This move could form a potential double bottom pattern. If confirmed, a strong bounce is expected, possibly breaking above the $0.060 level. Watch for volume and momentum signals to confirm the move. #ACT
Today, ETHFI experienced its largest drop since its launch, reaching a low of $0.56 before starting to rebound. Similarly, ETH also hit a historical low. From my perspective, this presents a strong investment opportunity in ETHFI for several reasons: 1. Correlation with ETH – Since ETHFI is closely tied to ETH, any recovery in ETH is likely to positively impact ETHFI as well. 2. Undervalued Price – The current price of ETHFI is significantly lower than its previous levels, making it an attractive entry point. 3. Limited Supply – The total supply of ETHFI is 1 billion, which can contribute to its potential value appreciation over time. $ETH 🚨 This is my personal analysis. Please conduct your own research before making any investment decisions. $ETH $ETHFI
$BMT To all experts, I have a question. I invested my money in the BMT cryptocurrency, but I have suffered significant losses. What are your expectations for this coin? Is it still a good investment, or should I consider moving to another cryptocurrency?$BMT
Not everyone will become rich, and a perfect example ⚠️of this is what we are witnessing with the TST coin. Many investors will lose confidence and withdraw their funds in an attempt to salvage what they can, ultimately incurring significant losses and missing out on potential profits when the price surges.
TST has a total supply of less than one billion coins, and its current price is extremely low, as it is at its lowest point while the overall market is also down.
Based on my personal experience and analysis, I strongly believe that TST will experience a massive price surge. I bought in at $0.14, and I continue to accumulate more at the lowest levels.
Mark my words—you will not see this low price again. $TST