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I Made $3 Million in Crypto. These are the 26 Rules I Learned. #rules
I got to know blockchain technology at the beginning of 2016. That was also the time I bought my first cryptocurrencies.
I watched tons of YouTube videos, read a lot of articles to learn about how blockchain and different consensus algorithms actually work, I read tons of whitepapers to explore different blockchain-based projects.
While accumulating my knowledge, back then I also joined trading groups hoping to maximize my gains, believed anonymous peopleâs recommendations on the internet, and invested my money blindly.
I made losses and gains. Probably the profit I made is nothing compared with a lot of crypto trading experts in the space.
I do not own a Lambo or a luxurious villa. But it helped me significantly in terms of improving my life quality. For example, I do not have to work 40â60 hours a week to make the ends meet.
I can finally afford to buy a decent property for my family, I can take my kids to go for short holidays whenever there is a long weekend during the school semester and long holidays during summertime.
In this article, I summarized 26 points or rules which helped me in making profits.
I got to know blockchain technology at the beginning of 2016. That was also the time I bought my first cryptocurrencies.
I watched tons of YouTube videos, read a lot of articles to learn about how blockchain and different consensus algorithms actually work, I read tons of whitepapers to explore different blockchain-based projects.
While accumulating my knowledge, back then I also joined trading groups hoping to maximize my gains, believed anonymous peopleâs recommendations on the internet, and invested my money blindly.
I made losses and gains. Probably the profit I made is nothing compared with a lot of crypto trading experts in the space.
I do not own a Lambo or a luxurious villa. But it helped me significantly in terms of improving my life quality. For example, I do not have to work 40â60 hours a week to make the ends meet.
I can finally afford to buy a decent property for my family, I can take my kids to go for short holidays whenever there is a long weekend during the school semester and long holidays during summertime.
In this article, I summarized 26 points or rules which helped me in making profits.
đŻ đ„ Top 10 Golden Rules For Trading in Crypto Currency.
1.Invest in what you understand .
2. There is no win-win situation in crypto trading .
3. Only invest what you can afford to lose .
4. Diversification is essential for successful trading .
5. Donât let your emotions take control .
6. Avoid FOMO .
7. Use a stop-loss .
8. Take profits at a regular intervals .
9. Be aware of scam schemes .
10. Learn from the mistakes .
Complete Article on this topic is also available in my profile.
**************************************************************
#Write2Earn #TrendingTopic #rules
1.Invest in what you understand .
2. There is no win-win situation in crypto trading .
3. Only invest what you can afford to lose .
4. Diversification is essential for successful trading .
5. Donât let your emotions take control .
6. Avoid FOMO .
7. Use a stop-loss .
8. Take profits at a regular intervals .
9. Be aware of scam schemes .
10. Learn from the mistakes .
Complete Article on this topic is also available in my profile.
**************************************************************
#Write2Earn #TrendingTopic #rules
Rule #1
In order to sell, someone has to be willing to buy!
Rule #2
Smart money knows you are using indicators to place your orders, be careful!
Rule #3
Never go long when a price of an asset is in (Premium zone) and never go short when a price of an asset is in a (Discount zone)
Follow mw for more rules and tips!
#rules #TradingAdvice
In order to sell, someone has to be willing to buy!
Rule #2
Smart money knows you are using indicators to place your orders, be careful!
Rule #3
Never go long when a price of an asset is in (Premium zone) and never go short when a price of an asset is in a (Discount zone)
Follow mw for more rules and tips!
#rules #TradingAdvice
I would like to share a very insightful and helpful article by @Crypto Psychic.
What are the things you should know before starting to trade?
Read the below article for tips and tricks that every #traders should apply to their personal #trading #rules to avoid possible losses and minimize trading risks of your portfolio.
What are the things you should know before starting to trade?
Read the below article for tips and tricks that every #traders should apply to their personal #trading #rules to avoid possible losses and minimize trading risks of your portfolio.
LIVE
Crypto Psychic
--
đ„ČMistakes Every Beginner does in trading that could blow up đ„ their Life :đ€·ââïž
đPeople make various mistakes in the world of cryptocurrency.
đHere are some common ones to avoid:
**Lack of Research**: Failing to thoroughly research a cryptocurrency before investing is a common mistake. It's crucial to understand the technology, team, use case, and market trends.
**Emotional Trading**: Emotional decisions, such as panic selling during market downturns or FOMO (fear of missing out) buying during rallies, can lead to losses.
**Overtrading**: Frequent buying and selling of cryptocurrencies can lead to high transaction fees and potential losses. It's essential to have a well-thought-out trading strategy.
**Ignoring Diversification**: Putting all your funds into a single cryptocurrency is risky. Diversification can help mitigate losses if one asset performs poorly.
**Chasing Hyped Coins**: Investing in cryptocurrencies solely based on hype or recommendations from others can be risky. Be cautious of pump-and-dump schemes.
**Lack of Patience**: Cryptocurrency markets are highly volatile. Impatience and a desire for quick profits can lead to impulsive decisions.
**Ignoring Regulation**: Not understanding or adhering to cryptocurrency regulations in your country can have legal consequences. Stay informed about tax laws and reporting requirements.
**Phishing Scams**: Falling for phishing scams or giving away private keys can result in the loss of your assets. Always verify sources and be cautious of unsolicited requests.
**Overleveraging**: Using excessive leverage in cryptocurrency trading can amplify both gains and losses. It's risky for inexperienced traders.
**Hodling Without a Plan**: "Hodling" (holding onto cryptocurrencies for the long term) without a clear exit strategy can lead to missed opportunities or losses.
Avoiding these mistakes requires education, caution, and a well-defined investment strategy. It's crucial to stay informed.
$BTC $ETH $BNB
#Write2Earn
#BinanceTournament
#cryptocurrency #BTC #bitcoin
đPeople make various mistakes in the world of cryptocurrency.
đHere are some common ones to avoid:
**Lack of Research**: Failing to thoroughly research a cryptocurrency before investing is a common mistake. It's crucial to understand the technology, team, use case, and market trends.
**Emotional Trading**: Emotional decisions, such as panic selling during market downturns or FOMO (fear of missing out) buying during rallies, can lead to losses.
**Overtrading**: Frequent buying and selling of cryptocurrencies can lead to high transaction fees and potential losses. It's essential to have a well-thought-out trading strategy.
**Ignoring Diversification**: Putting all your funds into a single cryptocurrency is risky. Diversification can help mitigate losses if one asset performs poorly.
**Chasing Hyped Coins**: Investing in cryptocurrencies solely based on hype or recommendations from others can be risky. Be cautious of pump-and-dump schemes.
**Lack of Patience**: Cryptocurrency markets are highly volatile. Impatience and a desire for quick profits can lead to impulsive decisions.
**Ignoring Regulation**: Not understanding or adhering to cryptocurrency regulations in your country can have legal consequences. Stay informed about tax laws and reporting requirements.
**Phishing Scams**: Falling for phishing scams or giving away private keys can result in the loss of your assets. Always verify sources and be cautious of unsolicited requests.
**Overleveraging**: Using excessive leverage in cryptocurrency trading can amplify both gains and losses. It's risky for inexperienced traders.
**Hodling Without a Plan**: "Hodling" (holding onto cryptocurrencies for the long term) without a clear exit strategy can lead to missed opportunities or losses.
Avoiding these mistakes requires education, caution, and a well-defined investment strategy. It's crucial to stay informed.
$BTC $ETH $BNB
#Write2Earn
#BinanceTournament
#cryptocurrency #BTC #bitcoin
đ”ïž đ The demand for crypto training is skyrocketing among law enforcement, according to a recent survey.
#cryptonews #lawenforcement #rules
#cryptonews #lawenforcement #rules
Their focus on cross-border trade settlements could open up the possibility of central bank digital currencies being used.
The central banks of Hong Kong and the United Arab Emirates have announced plans to strengthen their financial cooperationâand work together on regulating virtual assets.
A bilateral meeting was held in Abu Dhabi, with financial infrastructure and cross-border trade settlements also on the agenda.
#hongkong #uae #crypto #rules #cryptoonindia
The central banks of Hong Kong and the United Arab Emirates have announced plans to strengthen their financial cooperationâand work together on regulating virtual assets.
A bilateral meeting was held in Abu Dhabi, with financial infrastructure and cross-border trade settlements also on the agenda.
#hongkong #uae #crypto #rules #cryptoonindia
#rules #of #crypto
.you have to learn first how to get a better trade
.always you should find a good entry
.you have to wait for market
.keep your eyes on worldwide news
.don't be greedy
.be patient
. always make your leverage low if you have no low investment
. if you have big investment you should take always middle range leverage
. #followme #MicroStrategy
.you have to learn first how to get a better trade
.always you should find a good entry
.you have to wait for market
.keep your eyes on worldwide news
.don't be greedy
.be patient
. always make your leverage low if you have no low investment
. if you have big investment you should take always middle range leverage
. #followme #MicroStrategy
1. JPMorgan's report suggests that the chances of a spot Bitcoin ETF being approved in the United States have increased.
2. This increase in likelihood is tied to a US Federal Appeals Court request for the Securities and Exchange Commission (SEC) to review Grayscale's application to convert GBTC into an ETF.
3. The report also #emphasizes that even if a spot Bitcoin ETF is approved, it is unlikely to #fundamentally alter the #rules of the cryptocurrency market.
4. Spot #Bitcoin ETFs have been #available in other countries for a while but have not seen significant investor interest in the US market.
$BTC $ETH $BNB
2. This increase in likelihood is tied to a US Federal Appeals Court request for the Securities and Exchange Commission (SEC) to review Grayscale's application to convert GBTC into an ETF.
3. The report also #emphasizes that even if a spot Bitcoin ETF is approved, it is unlikely to #fundamentally alter the #rules of the cryptocurrency market.
4. Spot #Bitcoin ETFs have been #available in other countries for a while but have not seen significant investor interest in the US market.
$BTC $ETH $BNB
Trading rules to keep in mind.Â
(Remember these are trading rules not investing.)
1. Everything that goes up will come down but everything that is down will not necessarily go up.
2. Most of the cryptocurrencies move in a zone identification of the zone is the real game.Â
3. Always follow the rules that you have made for yourself.
4. Always identify the trend by the 24 hour chart.
5. Never take more than 5x leverage
FOLLOW FOR MORE SUCH CONTENT #buythedip #tradingtechnique #Learning_Earning #LearningFromMistakes #rules
(Remember these are trading rules not investing.)
1. Everything that goes up will come down but everything that is down will not necessarily go up.
2. Most of the cryptocurrencies move in a zone identification of the zone is the real game.Â
3. Always follow the rules that you have made for yourself.
4. Always identify the trend by the 24 hour chart.
5. Never take more than 5x leverage
FOLLOW FOR MORE SUCH CONTENT #buythedip #tradingtechnique #Learning_Earning #LearningFromMistakes #rules
Unsaid Trading Rules you must knowđ
1. Always have a planđ
2. Risk only what you can afford to lose đ”
3. Diversify your portfolio đŒ
4. Trade with the trend đ
5. Learn Market reactions to events đ§đ»âđ»
6. Set realistic goals đŻ
7. Learn from past tradesđ§
8. Maintain a trading journal đ
9. Avoid revenge trading đ
10. Stay Patient and Consistent đ
#rules #avoidloss #AvoidHighRisk #AvoidLosses
1. Always have a planđ
2. Risk only what you can afford to lose đ”
3. Diversify your portfolio đŒ
4. Trade with the trend đ
5. Learn Market reactions to events đ§đ»âđ»
6. Set realistic goals đŻ
7. Learn from past tradesđ§
8. Maintain a trading journal đ
9. Avoid revenge trading đ
10. Stay Patient and Consistent đ
#rules #avoidloss #AvoidHighRisk #AvoidLosses
#rules #tradesafely
The 3-5-7 rule in Trading
is a risk management guideline that suggests limiting the amount of capital you put into any single trade. According to this rule, you should not risk more than 3% of your trading capital on any one trade, no more than 5% on any one sector, and no more than 7% on all trades combined.
$ETH
The 3-5-7 rule in Trading
is a risk management guideline that suggests limiting the amount of capital you put into any single trade. According to this rule, you should not risk more than 3% of your trading capital on any one trade, no more than 5% on any one sector, and no more than 7% on all trades combined.
$ETH
From $1500 to a $1.2million portfolio in 4 years â no magic, just dedication.
If he did it, so can you.
His 4 years of experience, all in one post . Specially for new traders âŹïž
âŠïžOver the years, he explored different ways to earn in crypto â airdrops, NFTs, arbitrage, ICOs, and meme trading.
It's been a challenging journey with highs and lows, but each experience has enriched him by following these rules.
Lets start :
1ïžâŁ . Always (DYOR) when Investing
Choose due diligence criteria like Team, Marketing, Roadmap, Community, Narrative. If you have a small portfolio, focus on researching lowcaps for the best risk/reward opportunities.
2ïžâŁ. Don't ignore trending narratives
Early adoption brings benefits, but understanding the full story upfront can be challenging. Thorough research helps identify emerging trends at the start. Embrace their potential instead of overlooking them.
3ïžâŁ. Don't micromanage your portfolio
Here's your winning strategy:
1) Long-term: Hold for a year or more, sell when the market is greedy.
2) Mid-term: Ride the hype wave.
3) Risky bets: Roll the dice on meme coins or small-caps with money you can afford to lose.'
4ïžâŁ. Avoid engaging in futures trading
If future trading isn't your strength, consider avoiding futures. If you dive into it, focus on mastering risk management, discipline, and mental resilience.
5ïžâŁ. Follow those who knows more than you in this field .
How to find them ?
1. X formerly twitter . ( i used often )
2. Reddit .
3. Linkedin .
6ïžâŁ. Always you must Up to dated with latest news . Crypto news is very very important . To get news on Real time you can use Twitter or X .
Unfortunately i made this mistakes at begining . Asap i correct When i learned that my friend avoid Luna crush 100$ to 0$ because of Twitter news in 2022 .
7ïžâŁ. How to know which coin will pump ?
Ans : I dont know also . But my friend told me in 2020 theres a guy called #BsJoeBiden . Who is expert & trustworthy .
At first i didn't beleived in those twitter expert . But when i saw the results i just amazes with @BsJoeBiden accuracy .
I followed those 7 rules & Literally changed my Life .
If i can then you can too ....thats so much easy. Just you have to take those 7 steps ...
#success #rules #profit
His 4 years of experience, all in one post . Specially for new traders âŹïž
âŠïžOver the years, he explored different ways to earn in crypto â airdrops, NFTs, arbitrage, ICOs, and meme trading.
It's been a challenging journey with highs and lows, but each experience has enriched him by following these rules.
Lets start :
1ïžâŁ . Always (DYOR) when Investing
Choose due diligence criteria like Team, Marketing, Roadmap, Community, Narrative. If you have a small portfolio, focus on researching lowcaps for the best risk/reward opportunities.
2ïžâŁ. Don't ignore trending narratives
Early adoption brings benefits, but understanding the full story upfront can be challenging. Thorough research helps identify emerging trends at the start. Embrace their potential instead of overlooking them.
3ïžâŁ. Don't micromanage your portfolio
Here's your winning strategy:
1) Long-term: Hold for a year or more, sell when the market is greedy.
2) Mid-term: Ride the hype wave.
3) Risky bets: Roll the dice on meme coins or small-caps with money you can afford to lose.'
4ïžâŁ. Avoid engaging in futures trading
If future trading isn't your strength, consider avoiding futures. If you dive into it, focus on mastering risk management, discipline, and mental resilience.
5ïžâŁ. Follow those who knows more than you in this field .
How to find them ?
1. X formerly twitter . ( i used often )
2. Reddit .
3. Linkedin .
6ïžâŁ. Always you must Up to dated with latest news . Crypto news is very very important . To get news on Real time you can use Twitter or X .
Unfortunately i made this mistakes at begining . Asap i correct When i learned that my friend avoid Luna crush 100$ to 0$ because of Twitter news in 2022 .
7ïžâŁ. How to know which coin will pump ?
Ans : I dont know also . But my friend told me in 2020 theres a guy called #BsJoeBiden . Who is expert & trustworthy .
At first i didn't beleived in those twitter expert . But when i saw the results i just amazes with @BsJoeBiden accuracy .
I followed those 7 rules & Literally changed my Life .
If i can then you can too ....thats so much easy. Just you have to take those 7 steps ...
#success #rules #profit
#TradingStrategiesđŒđ° I have been in this market of trading and you need to decide if you are a holder or a trader and what type of trader.
I personally day trade and my goal is to hit atleast a 10% profit per day.
The most important factor is not let your emotions run your trades.
Get to the point where emotions is out of the equation and stick to your #rules and #StrategicTrading
I personally day trade and my goal is to hit atleast a 10% profit per day.
The most important factor is not let your emotions run your trades.
Get to the point where emotions is out of the equation and stick to your #rules and #StrategicTrading
Interestingly, the top coin in future trading today on Binance platform is a stable coin
Imagine usdt oer fdusd increasing by 200% ...lol
Absolutely scamming and holding price , giving negative impact of crypto, alts and meme coins
It is a shame..
Investment is coming in .and market should be bullish ,.not bearish..
if the market goes down further, Exchanges are the only ones to be blamed for it, especially Binance ..
Meme aNd Alt coins that are not on Binance and available on other CEX are still performing decent
#binance #scams #trading #rules
Imagine usdt oer fdusd increasing by 200% ...lol
Absolutely scamming and holding price , giving negative impact of crypto, alts and meme coins
It is a shame..
Investment is coming in .and market should be bullish ,.not bearish..
if the market goes down further, Exchanges are the only ones to be blamed for it, especially Binance ..
Meme aNd Alt coins that are not on Binance and available on other CEX are still performing decent
#binance #scams #trading #rules
yesterday I warned you all that please stay away of long position and told that the market could go towards a massive dip we should learn from the past and should wait for our time .
the best trader only that 2 or 3 trades in a week and a greedy one will take 3 to trades a day .
we should know that some times market make himself profitble to drag a new people in the market they make there first trades profitble after that they start losing due to regular trades .
#follow #learn #rules #ETHETFsApproved #BlackRock
the best trader only that 2 or 3 trades in a week and a greedy one will take 3 to trades a day .
we should know that some times market make himself profitble to drag a new people in the market they make there first trades profitble after that they start losing due to regular trades .
#follow #learn #rules #ETHETFsApproved #BlackRock
9 Rules for Wealth Management âŹïž
1. Start investing early : Best time to invest is right now
2. Learn Compounding : Earn interest on your previous interest
3. Build a Business : 88% of Millionaires started with entrepreneurship
4. Nothing is free : Things will always cost you something so invest wisely
5. Health is Wealth : Take care of your body
6. Keep Learning and Educating Yourself
7. Opt for low cost investment vehicles and tax-efficient strategies
8. Regular Portfolio Balancing : Periodically review your portfolio
9. Your income is not your Net Worth : If you earn $60,000 and save $20,000, you are richer than who earns $1M and spend $990,000.
#WealthManagement #rules #FinancialFreedom #InvestSmartly #WealthBuildingTips
1. Start investing early : Best time to invest is right now
2. Learn Compounding : Earn interest on your previous interest
3. Build a Business : 88% of Millionaires started with entrepreneurship
4. Nothing is free : Things will always cost you something so invest wisely
5. Health is Wealth : Take care of your body
6. Keep Learning and Educating Yourself
7. Opt for low cost investment vehicles and tax-efficient strategies
8. Regular Portfolio Balancing : Periodically review your portfolio
9. Your income is not your Net Worth : If you earn $60,000 and save $20,000, you are richer than who earns $1M and spend $990,000.
#WealthManagement #rules #FinancialFreedom #InvestSmartly #WealthBuildingTips
