#MyJourney In Crypto
I'm new in this field, crypto have many potential. but i realize the market cap is still growing and i hope i can catch it. Im teenager and lose about 50$, but i know if i give up there are no way to comeback and catch my dream. I will give some personal advice i got from 3 months in crypto
1.Always manage your risk first before you trade, even in spot. you need entry in a good way and good fundamental coins
2.Make sure to do DCA, don't throw away all your money in one time. you can use this ratio (30/50/20) i found it more stable
3.If you want to trade in future, make sure you know about basic in technical analysis. like Support Resistance, Volume, EMA, SMA and the indicator that will help you like MACD, and RSI. dont worry if you don't know about candlestick pattern. the key is find a good entry.
4.Focus and never change a plan. this habbits will make you to be a good trader. Trading Plan is more about the consistency and emotional control.
5.Make sure to put SL first, then you can put TP with 1:2 or 1:3 even 1:20, 1:20 surely take a long time hold
6.Now my personal advice if you have balance lower than 100$,make sure never use leverage more than x10. and use DCA method too to get a good entry, (30/50/20) you can use this ratio too. and the maximum margin is 20%, trust me you will got more confident. and have daily income
7.Sometime you need to see the order book too for confirmation
8.Then see your portfolio will growth like a compound interest and you will beat the market
Drop Tip if you found it Help
I know how difficult start in this field without knowing anything, because i do it. hope my advice make you be a good trader and not lose too many money like me