3 Harsh Truths about #Crypto Trading
1. Yes you will lose money.
Its all part of the game. but what separates winners from losers is how you ALLOW losses to happen.
Are you losing 50% because your trade position is too large, or less than 5% with good risk management.
2. Your favourite influencer uses you as exit liquidity.
Most of the time if the pump has already happened and they are still shilling the coin,
they are exchanging hands with you and dumping their bags onto you.
3. In a Bull market everything moves. But in a Bear market not everything survives.
A vision and hype is all it takes for projects to succeed in a bull market,
but fundamentals and backing is what's needed for a project to survive bear markets.