My Crypto journey, is little I started 2023 diving deep into cryptocurrency and Blockchain development and knowledge surrounding it due to personal reasons.

I spent this year studying the bitcoin trend(a year) and placed a position after only looking at the 2 hour chart for 3 minutes. anticipation for the ise to 80.000usd I rode this to 70k while taking profit and repositioning 3 times turning my minimalist just over 1.00usdt all in at 125x leverage to just about 200usd by the end... where did I go wrong . I panicked when he trend droped at 73 and i saw the potential for the rise to 76 meanwhile the market aw it needed to make a correct and went back to the 60s position . thus the need for stop loss. When to use it when the market is progressing forward and you are already well into a profit.

when to buy, you can do all the research you want on a chart 8 hours 1 day 3 weeks a year^ if you only buy a position with the thought this is going up, you already lost because with every high goal price there is a low price goal to get there. you can't look at he coin and say this is good, without looking at both sides of it.

I open a position based on knowing both and looking at the extremes of both, there's good and bad in this but ultimately it's timing. If your buying a position while the market is dropping it's not magically gonna say ok you bought here today it's time to turn around and go up. You have to see the full picture in this and then you increase your odds by buying a position while the overall market plus your ideal coin at the time is on an upper trend . (we are not there yet) the fact is the market state hasn't been and still isn't good.

This is why if you have the potential to play other markets outside of crypto you increase your odds of success and movement towards financial freedom.

That being said if your playing futures and you open a position your stop loss Should be the owh it's not going up in 5 minutes, or you increase your margin enough to bring your risk of liquidation out of the picture(why it's just better to play the spot market)