When I took my first steps in trading, I remember having one thing in mind: to make money. So I sat there, meticulously watching that little bar go up and down, up and down, and thought: now is the time! When it goes down again, I will enter at that point, and when it goes up at that point, I will sell, and that’s it! I’m going to make money! Haha, what rookie mistakes are made when there is a lot of enthusiasm and little experience.
Knowing about the business
Very soon I realized that I needed to study. So I started to delve into the subject and, shortly after, I was watching courses from Binance, through the existing documentation and experts teaching online under the sponsorship of the platform. Social media also had its positive contribution, as I found a good teacher who used to give advice and lessons on how to trade, and regularly shared some of his trades so that followers could learn something in practice. In the same way, I added to my repertoire the study and analysis of publications from well-known sites for their informative trajectory in trading, cryptocurrencies, and the blockchain ecosystem in general.
All of this, among other things, took me to the next level. A lot of knowledge, experience in full development, and little learning; because knowing is not the same as learning. But I was on the right track, since we learn from mistakes, and it is important to pay attention to where the mistake was and how to correct it.
One of the things I learned from the teacher was that we should know when to stop, take a break, and breathe; it is not healthy to be permanently glued to a chart. It is necessary to take time to think and analyze. So, after being glued to the charts daily for hours, trying to decipher the puzzle, I reached the point where: I had lost a certain amount of money, and since life sometimes gives us a second chance, one fine day I was pleasantly surprised to discover that Binance had refunded me practically all the working capital I lost.