#🚨After experiencing your first surge in Bitcoin value, it's crucial to gain insight and wisdom. 😉

Typically, this understanding only dawns after enduring a cycle of losses. Many newcomers haven't encountered these setbacks yet, leading them to make common mistakes. 😴

It's imperative to be savvy and absorb these lessons. Here's what you need to grasp for sustained success in trading:💸

,1️⃣Cryptocurrency Trading Differs from Gambling:

Despite superficial similarities on a neurochemical level, trading involves strategy, analysis, statistics, probability, and risk management, distinguishing it from gambling.

2️⃣. Treat Trading as a Business:

Understand that trading entails expenses, losses, taxes, uncertainty, stress, and risk. As a trader, you essentially run a business, aiming to maximize its potential.

3️⃣. Trading Offers Independence:

Unlike other businesses, trading doesn't rely on external factors or interactions. You're solely accountable for your outcomes.

4️⃣. Avoid Distractions:

Tune out the noise, especially on social media. Trading decisions should be based on chart analysis rather than market hype.

5️⃣. Only Risk Disposable Income:

Money in your trading account should be surplus and not earmarked for essential expenses like tuition, bills, or mortgage. Losing such funds is easier to bear than jeopardizing your livelihood.

Reflect on these principles regularly. It's essential to realize that time is passing, and despite being involved in crypto for four years, progress may still be elusive. Take heed and act swiftly to avoid missing out on opportunities, as success often hinges on attentiveness and decisive action.#Write2Earn #BullRun🐂 #halvings