If you’re a new trader, read this:
- You will lose. A LOT. But this is only the beginning. Don’t stop and don’t panic
- You will feel like there’s so much to learn. It will be overwhelming. My advice will be to not be lazy, ever. Learn everything, experiment and find out what works for you
- There will be random periods of outperformance and outlandish gains, you will feel like you want to risk more per trade. DONT. Ask yourself if you can replicate this in every market condition. Answer will likely be no
- If you’re trading lower timeframes, then you will learn faster and will likely suck a lot. Eventually you’ll suck a lot less
- When you start sucking less over an extended period of time. This is the time to gradually size more. Once you reach a level when you get uncomfortable telling friends and family. Take money out of trading account, move it into safe equity bets or just spot crypto portfolio
- Your only priority in crypto or trading in general, is how much can money can you push into long term holdings that you gave a 10 year holding period on with minimal management
- You will eventually be free. It might take 2 years, it might take 15. It will come. Make sure to have income till the time you can make enough to live on passive yield. (Yield farming in crypto is the most underrated aspect IMO)
All the best. I love that you’re putting in the effort. Make your bloodline proud.
