đ My 7-Year Crypto Journey: The Lessons That Changed Everything
I started trading crypto in 2017. Thought Iâd get rich fast. Entered the bull run with big dreams⊠and zero strategy. The market didnât take long to give me a reality check.
Now, after 7 years of staring at charts, celebrating wins, and nursing losses, I finally understand what separates consistent traders from those who burn out. Hereâs what I wish I knew back then:
1ïžâŁ Always Have a Plan Before You Enter
Before every trade, I write down three things:
2ïžâŁ Only Risk What You Can Afford to Lose
Never trade with rent money, EMIs, or your grocery budget. Stress will cloud your judgment.
Start small. You can always scale up once youâre consistently profitable.
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3ïžâŁ Greed Eats Your Profits
Iâve watched solid gains turn into painful losses just because I got greedy and didnât take profits.
Set targets and stick to them. The market will still be here tomorrow.
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4ïžâŁ Build Your Own Trading Style
Copying someone elseâs trades blindly doesnât work. Some people thrive at scalping, others at swing trading.
I wasted two years trying to trade like my favorite YouTuber. Total disaster.
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5ïžâŁ Your Emotions Are the Real Enemy
FOMO and panic selling have cost me more than bad analysis ever did.
When you feel that urgent âI have to get in nowâ itch â thatâs usually your cue to step away.
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6ïžâŁ Patience Beats Speed Every Time
The best traders are âboring.â They wait for the right setups, avoid chasing pumps, and are fine missing moves that donât fit their plan.
I used to think I needed to trade every day. Now I know: sometimes the best trade is no trade.
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7ïžâŁ Think Long-Term, Even in Short-Term Trades
One bad trade doesnât make you a bad trader. One good trade doesnât make you a genius.
Focus on being consistently profitable over months and years.
Keep a trading journal. Learn from every single trade.