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Lessons I have learned trading crypto

  1. Make sure your initial investment is an amount that wouldn’t break you financially if you lost it all. Only risk what are you willing to loose.

  2. Profit more, trade less. Don’t try to catch every swing. Wait for big moves. Buy during the big dips.

  3. Don’t check the prices and charts incessantly. Check once per day, but when big moves start happening, then follow the movement closely.

  4. If you don’t catch the exact top or bottom, don’t beat yourself up.

  5. Set rules and be disciplined. Emotions are bad leaders.

  6. HODL long term. HODL quality coins.

  7. When trading don’t sell all or buy all. Always set limit orders. Spread orders. Don’t wait your portfolio to reach 1 mil USD.

  8. Don’t enter crypto with borrowed money. Ever. If margin trading, don’t gamble with x100.

  9. Don’t set tight SL, like 1-5%. If you trust the movement, give it space and time.

  10. When you have crazy profits fulfiill some of your life goals. Have a good time, but don’t become animal. Stay moral, stay person, stay mindfull.