HOW TO BECOME RICH IN CRYPTO
When I started getting into cryptocurrencies, I made huge mistakes that led to serious losses.
it happened because of one thing and one thing: lack of a clear strategy and following the wrong people.
I don't have any "magic tricks" for profitability, but I can share with you what has really worked for me.
let's start with the most terrible and painful mistakes:
- buy an asset without looking at the chart
- the belief that fundamentals determine price
- lack of goals, going âon a whim.â
- setting unrealistic goals based on what you want, and not on what actually happened.
After correcting these mistakes, you will be more rational, basing your strategies on cold data rather than âexpectations.â
More than 90% of people don't actually have a plan and don't carefully analyze their actions.
when I talk about a plan, I mean not only an âexit planâ, but also an âentry planâ
Based on these premises, here are the steps
1. main considerations
at this stage you need to analyze all processes
this happens through scrolling through several graphs, for example:
- BTC (of course)
- BTC D.
- TOTAL 3
- USDT D.
2. entrance
Next we find the most favorable entry point.
if a coin is already above my âentry targetâ, I never chase it, but switch my attention to another setup/find new entries if the R/R is still favorable.
I donât care how good people think the project is or how many âuse casesâ it has, I wonât go because preserving my capital is more important.
3. exit
Most people lose money because they set unrealistic goals or don't set them at all.
if the coin hits my targets, I exit the position with 80% /90 % of capital, leaving a little for chance, native.
I am not tied to any asset, it is simply a means for my freedom, nothing less and nothing more.
4. managing emotions
If I find a good entry point and the coin starts to rise (or fall if it is short), bringing me profit, I analyze how much this affects my emotions.
do you feel peaceful?
- ok, that's how it should be.
Feeling nervous or excited?
- bad, I remind myself that I need to slow down a little, it might just be âluckâ
put the effort into building this mental process and you will see the results.
The secret to success in the market lies in practice and the ability to control your emotions.
there is no shortcut to success.
stop wasting your precious time on nonsense that promises unrealistic profits/useless indicators or paid groups with â100x unique coinsâ that will simply burn your money.
the right path is difficult, but only it brings real results