My Journey in Crypto
I came to the world of cryptocurrency almost two years ago with 400 USDT, knowing nothing about it. A friend introduced me to the concept, and I decided to invest in Solana and futures trading without understanding how it worked. Within two days, I lost my entire account. Undeterred, I deposited another 300 USDT, only to lose it again within a week. Determined to recover, I invested 500 USDT with a sense of revenge, but once again, I lost it all on the same day. Frustrated, I concluded that crypto trading was a scam and believed it wasn’t meant for people like me.
However, I came across posts from people showing profits and noticed that 5% of traders were successful. This sparked a thought: if they could do it, why couldn’t I? Motivated, I began searching for a mentor on platforms like TikTok. I joined a few paid courses but continued to face losses and liquidations. Eventually, a friend recommended a crypto teacher in Dubai. Although he only offered physical classes, he referred me to another trainer in Asia who conducted online lessons.
I contacted this trainer, and he agreed to teach me for 1,000 USDT over two months. I managed to gather the funds and started the training. It was a turning point. After two months, I had a solid understanding of trading and started to become profitable. I restarted my trading journey with 400 USDT, taking small, consistent profits of $5–$10 daily to grow my portfolio.
I dedicated hours to observing market behavior by analyzing charts across different time frames and using various indicators. This hands-on experience taught me invaluable lessons. A few months ago, I ventured into futures trading. As expected, I got liquidated on my first day, but I had only invested a small amount, anticipating such an outcome.
Fast forward to today, and for the past 4–5 months, I haven’t been liquidated in futures trading. My account has grown to nearly 20,000 USDT, and I earn $4,000–$5,000 monthly from futures trading with a wallet size of 1,200 USDT. My primary investments remain in my spot and funding wallets.
Lessons I’ve Learned:
1. Stick to a Plan: Avoid panic selling and greedy buying.
2. Effective Use of EMAs:
EMA 5 for 5-minute trades.
EMA 21 for 15-minute and 1-hour time frames.
EMA 50, 100, and 200 for longer time frames.
However, I recommend avoiding smaller time frames.
3. Margin and Leverage:
Use leverage cautiously; I stick to 5x leverage and never risk more than 1% of my margin.
4. Fibonacci Retracements:
The 0.618 level is highly effective for catching retracements—better than the so-called "golden pocket."
5. Candle Reading:
Mastering candle reading is essential for profitable trading.
6. Understanding Liquidations:
Keeping an eye on liquidations is crucial. Most liquidity heat maps provided by exchanges are manipulative and unreliable. (I use a separate tool that I can’t disclose here.)
7. Focus on Price Action:
While fundamentals matter occasionally, price action works 99% of the time.
Today, I’m thrilled with my progress in crypto and look forward to achieving even greater earnings—but gradually, without greed.
Disclaimer:
I share these insights purely for educational purposes. I don’t run any paid groups or sell signals. Most people running online groups only do so because they can’t make profits through trading themselves.