Welcome to the Trader's path
If you are here it is because you are possibly just starting out in this, or maybe you already did futures and won or maybe you forgot the Stop Loss like I did and you just lost money, that money that helps us to be able to eat, to be able to live well and in other cases to be able to survive, if you are discouraged let me tell you that you are not alone this is the path a very difficult path to follow, maybe you have gone through scams, losses or maybe you had luck in a trade in the end on this path you will have to learn that the best strategy is to know how to manage risk, do not despair trying to get quick results especially if you do not have much capital, on this path managing your capital will take you far so I leave you these tips so that you can continue on this hard path which is the path toward profitability.
1 if you have little capital, yours will be to manage a demo account and take advantage of spot in coins that have backing such as $XRP $ADA or $SOL
2 learn to analyze before entering a trade if it will go up always a good entry point is when you see that the charts are red hot, because always after a fall comes the rise.
3 if for some reason you enter futures you must learn to lose, what do I mean by that you must always set Stop Loss, this will prevent you from losing all your capital and you can trade again.
4 when you lose do not trade again out of anger, take a breather and analyze what did you do wrong?
5 the most important thing is learn to take profits do not let greed beat you because Cryptos when you least expect it turn around and the profit becomes a loss.
6 do not mock others because everything comes back, help teach share your experiences and learn from others it will serve you not only for trading but for life itself do not lock yourself in a bubble where knowledge becomes limited.
Those are the tips I can give you, I hope it goes well for you, share this post to help.
If you are here it is because you are possibly just starting out in this, or maybe you already did futures and won or maybe you forgot the Stop Loss like I did and you just lost money, that money that helps us to be able to eat, to be able to live well and in other cases to be able to survive, if you are discouraged let me tell you that you are not alone this is the path a very difficult path to follow, maybe you have gone through scams, losses or maybe you had luck in a trade in the end on this path you will have to learn that the best strategy is to know how to manage risk, do not despair trying to get quick results especially if you do not have much capital, on this path managing your capital will take you far so I leave you these tips so that you can continue on this hard path which is the path toward profitability.
1 if you have little capital, yours will be to manage a demo account and take advantage of spot in coins that have backing such as $XRP $ADA or $SOL
2 learn to analyze before entering a trade if it will go up always a good entry point is when you see that the charts are red hot, because always after a fall comes the rise.
3 if for some reason you enter futures you must learn to lose, what do I mean by that you must always set Stop Loss, this will prevent you from losing all your capital and you can trade again.
4 when you lose do not trade again out of anger, take a breather and analyze what did you do wrong?
5 the most important thing is learn to take profits do not let greed beat you because Cryptos when you least expect it turn around and the profit becomes a loss.
6 do not mock others because everything comes back, help teach share your experiences and learn from others it will serve you not only for trading but for life itself do not lock yourself in a bubble where knowledge becomes limited.
Those are the tips I can give you, I hope it goes well for you, share this post to help.