Here's a small explanation about why I'm giving insight into my trades. Crypto is all about trust and transparancy and that is what I'd like to bring. Don't expect me to tell you how much crypto I actually own because that's none of your business. But I will tell you how big my position will be in regard to my trading portfolio.
Secondly, and actually the main reason I'm doing this, is to proof to all the haters out there that you can earn money with trading crypto. Most people are sceptical about trading because they heard horrible stories about people who lost all their money. Follow my journey and let me proof them wrong.
At the end of the day, the most important thing is how good are you at risk control.
Booking some losses during trading is perfectly normal, so I'm not afraid to show those losses. Most 'traders' don't give any insight in what they buy/sell because they perfectly know they suck and don't have a clue what they are doing in regard to risk management.
Risk comes from not knowing what you're doing.
Just like every trader, I've seen ups and downs in my 'jorney'. I started trading stocks. And you can guess what that meant for my portfolio. Yes that's right, it was almost completely wiped out. But I pressed on, learned a lot about and here we are. I have experience in trading stocks, options and . So you can assume that I know how to deal with risks. "
Trading is risky.
You are absolutely right about Risk Manegement to be the most important aspect of trading anything . Many traders out there are getting in to trade just to be in it and hope it will work out . Feeling on missing out and emotions have to be removed from this business and sometimes if you like to succeed in long time . Market will be here with you or with you . To my experience most of your big profits are made in couple trades in a year and most of your losses are of being impatient . I personally trade 100x and I love it but many out there think it’s the most stupid way to trade . I think there is no deference and all you have to do it’s to be in right place in right time . So relax first market will do what it does and we can all just speculate . TA it’s not everything and knowing more about the asset you are in to makes safer bets . What any serious trader need to do it’s to wait and find that perfect spot instead of chasing it IMO .
I also make most of my profits scalping but volatility is the key . Many think that is stupid as well .. I love to lock my trade and go to sleep :) Well time will show and who will survive we all have to understand that some one have to loose in order for you to win it’s the name of the game in crypto space .
Thanks for commenting.