Nearly three years ago, I dove into crypto trading with just 400 USDT, armed with very little knowledge. A friend introduced me to Solana and futures trading, but without understanding the fundamentals, I lost everything in just two days. Determined to recover, I deposited another 300 USDT, but within a week, that too vanished. Out of frustration and anger, I added 500 USDT, only to be liquidated on the same day. ๐ธ
At this point, I was convinced crypto was a scam and that winning was impossible. I almost gave up. But then, I saw others posting their profits online and thought, "If they can do it, why canโt I?" ๐ค
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Finding a Mentor ๐
I knew I needed to learn, so I started researching and seeking guidance. I joined groups on TikTok, paid for lessons, and still faced liquidation after liquidation. Then, a friend told me about a crypto teacher in Dubai. While he only offered in-person classes, he referred me to an online mentor in Asia. I took the leap and enrolled in a two-month course for 1000 USDT.
That course was a game-changer! ๐ I learned vital trading strategies and, most importantly, risk management. After completing the course, I restarted with 400 USDT and stuck to a disciplined plan. I focused on taking small, consistent profits of $5-$10 a day and gradually grew my portfolio. I dedicated countless hours analyzing charts, indicators, and market behavior. ๐
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A New Chapter: Futures Trading โก
A few months ago, I decided to try futures trading again. On my first day, I got liquidatedโbut this time, I had planned for the risk and kept my wallet size small. Since then, Iโve gone 4-5 months without liquidation, and my account has grown to nearly 20k! ๐ช
Today, I earn around $4,000-$5,000 a month from futures trading with a 1200 USDT wallet size, while my main investments remain in spot trading and funding wallets. ๐ฐ
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Key Lessons Learned ๐
1. Stick to Your Plan: Avoid panic selling and resist greed. Discipline is key. ๐
2. EMA Strategy:
EMA 5 for 5-minute trades.
EMA 21 for 15-minute and 1-hour charts.
EMA 50, 100, and 200 for longer time frames. Stick to the bigger picture
3. Margin & Leverage: Keep leverage low (I use 5x). Limit margin exposure to 1% per trade. ๐
4. Fibonacci Retracement: The 0.618 level is your friend, not the โgolden pocket.โ
5. Candle Reading: Master candlestick patterns for better trading decisions. ๐ฏ๏ธ
6. Liquidation Monitoring: Beware of fake heatmaps designed to manipulate traders. Use reliable tools instead. โ ๏ธ
7. Price Action is King: Fundamentals are useful, but price action drives most trading decisions. ๐
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The Road Ahead ๐
Today, I feel more confident in crypto trading. Iโm moving steadily, avoiding greed, and working toward even greater profits. This journey has been challenging, but it has taught me priceless lessons about patience, discipline, and the power of continuous learning. ๐