Here's what I'd say is crucial, if you want to succeed in trading crypto 👇
I'm currently 19, and I can most definitely say I've done well for myself, but I can say one thing, it was never easy.
I left school at 17, and had pretty much nothing to my name, but decided that I'll put everything into succeeding in this space. It was very tough, and I felt like at times I should quit, but in the end, it was all worth it.
1. I'd probably say this is the most important one; let go of your emotions. This space is brutal. Price action and coins don't care if it's your last 100$ or not.
If you act emotional and revenge trade etc. you'll end up losing it all. The best way to do this, is to understand the true tech behind the project, and use that as your thesis. Create a plan and stick to it.
2. The second one, once again is very simple, yet many people fail to avoid. Don't overtrade and chase pumps.
If you end up chasing from pump to pump, I can 99% guarantee that you'll lose it all eventually, because there's no real basis you're buying except for trying to catch green candles.
3. Understand market psychology and hype. This is a very hard skill to master.
Once you understand that buying when no one wants to, and selling when everyone is buying their house worth, you'll be able to out trade most people. When you see people calling for 1000x after the price is up 1000x in the past few months, you need to start scaling out.
I'd definitely say that these 3 are the most crucial points when it comes to out trading the masses.
