I got into cryptocurrency about 2 years ago with $400 without knowing anything about it, a friend of mine told me about this. I invested in Solana, in futures, I didn’t know how to trade, within 2 days my account was wiped, again I deposited $300, within a week my account was wiped again. Then I came with $500 to get revenge, unfortunately the same day it was all wiped. I was like this is a scam and no one can win here so this is not for us. Then I saw some earnings posts and saw that 5% of people are making money, I thought if they can do it why can’t I. I started looking for a teacher on TikTok etc, I joined a few and paid them, I still got wiped out. Then a friend told me about a guy in Dubai who teaches cryptocurrency, I somehow contacted him but he refused to give me online lessons because he only does physical lessons but he referred me to someone in Asia who does. I contacted him and he agreed to teach for $1000 for two months. Somehow, I arranged the money 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 $400. I stuck to it, taking just $5-10 a day to make my portfolio big so I can earn a lot.
I spend hours and hours watching my trading chart on different time frames with different indicators just to monitor the market behavior. I learned a lot like that.
A few months ago I got into futures trading, on the first day I got liquidated, but with little money because I knew it would happen so I didn't invest more in my futures portfolio.
And now, 4-5 months into the future, I have never been liquidated, now my account is almost 20k and I earn almost 4-5k per month in the future with a portfolio size of 1200, the main investment is still in the forex wallet and the finance wallet.
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))
5 minute EMA is best for 5 minute trading
EMA 21 Average for 15 and 1 hour time frame
EMA 50-100-200 for longer time frames.
However, I recommend not using smaller time frames.
3))
Margin and leverage are very important, I use 5 levs and my margin never exceeds 1%.
4))
Fibonacci level is very useful in catching pullbacks, and the 618 level is the one that works 99% of the time, not the golden pocket.
5))
Reading candles is very essential, if you don't know it, you won't be able to trade profitably.
6))
Liquidation, you should be monitoring liquidation, but unfortunately the liquidity heatmap, where 99% of you see liquidity, is completely fake, created by exchanges to manipulate you. (I use some other tools that I can't share here)
7))
Sometimes fundamentals work but 99% of price action works.
So I know I'm very happy with crypto and looking forward to making huge gains from it, but slowly, and there's no greed on my part.
(Note= I am sharing these things just for knowledge, I do not run any paid groups and I do not ask you to join me or give me any money, the people who run online groups are just those people who can't earn from cryptocurrencies, so they sell their signals to make money.)
