I got into crypto about 2 years ago with 400 USDT without knowing anything about it, a friend of mine told me about it. I invested in Solana, in futures, I didn’t know how to trade, in 2 days my account was wiped, again I deposited 300 USDT, in a week my account was wiped again. Then I came with 500 out of revenge, unfortunately the same day it was all wiped. I was telling myself that this is a scam and no one can win here so this is not for us. Then I saw some posts talking about earnings and I saw that 5% of people are making earnings, I told myself if they can do it why not me. I started looking for a teacher on TikTok etc., I joined some, he paid them, I still got wiped out. Then a friend told me about a guy in Dubai who teaches crypto, somehow I contacted him but he refused to give me online lessons because he only does physical lessons but he referred me to a guy in Asia who does it. I contacted him and he agreed to teach me for 1000 USDT for 2 months. Somehow I got the money together and started my lessons.
It helped me a lot, after 2 months I was able to trade and made profits, I invested again and my account was at 400 USDT. I stuck to it, I took only 5-10 dollars a day to make my portfolio bigger so I could make big profits.
I spend hours and hours watching my trading chart in different time frames with different indicators just to observe the market behavior. I learned a lot this way.
A few months ago I entered the world of futures trading, on the first day I got liquidated, but with a small amount because I knew it would happen so I didn't invest more in my futures portfolio.
Now, since 4-5 months of futures trading, I have never been liquidated, now my account is almost 20k and I am earning almost 4-5k per month in futures trading with my portfolio size 1200, main investment is still in spawner and funded portfolio.
So what I learned::
1))
Stick to a plan and don't panic, don't sell out of panic and don't buy out of greed.
2)) Either 5 for 5 minute trading is best
Either 21 for 15 and 1 hour
Either 50-100-200 for longer periods of time.
I still recommend not using small time periods.
3))
Margin and leverage, very important, I use 5x and my margin never exceeds 1%
4))
Fib is very useful in catching corrections, and 618 is the one that works 99%, not the golden pocket.
5))
Reading candles is very important, if you don't know this, you can't trade profitably.
6))
Liquidation, you should have an eye on liquidation, but unfortunately the liquidity heat map, where 99% of you see liquidity is completely fake, created by exchanges to manipulate you. (I use another tool which I can't share here)
7))
Sometimes the fundamentals work but 99% of the price action works.
So now I am very happy with cryptocurrencies and looking forward to making huge profits from them, but slowly, no greed from my side.