Six years ago, I entered the cryptocurrency market with an initial deposit of $420, completely unaware of how the market operated. A friend introduced me to this space and I decided to give it a try. My first investment was in $Solana futures, without any knowledge or strategy. Within two days, my account was wiped out. Determined to recover, I deposited another $320, but within a week, I lost it all again. Frustrated but unwilling to give up, I deposited $520 in a revenge attempt to make up for my losses, only to see my money disappear on the very same day. At that point, I concluded that trading cryptocurrency was a scam and not something I could succeed in.
However, while browsing online profit posts, I noticed that a small percentage of people consistently made profits. I thought, "If they can do it, why can't I?" I started seeking mentors on platforms like TikTok, paying for their guidance, but the results were always the same: liquidation. One day, a friend told me about a mentor in Dubai specializing in cryptocurrency training. After contacting him, I found out he only offered in-person classes but referred me to another expert in Asia who provided online lessons. This person agreed to teach me for a fee of $950 over two months. I managed to arrange the money and enroll in his classes, which turned out to be a turning point in my trading journey.
After two months of training, I had enough knowledge to trade profitably. I restarted my journey with $420 in my trading account. Focusing on consistency, I aimed to earn $6–12 each day to steadily grow my portfolio. I spent countless hours analyzing charts across various time frames, testing different indicators to gain deep insights into market behavior. This self-learning and observation method greatly enhanced my trading skills.
A few months ago, I dared to trade futures again. My first day ended with a small loss as I had anticipated, but I deliberately kept my investment at a minimum to limit the damage. Since then, over the past 5–6 months, I have not been liquidated in futures trading. Nowadays, my account balance has increased to about $19,500, and I generate approximately $4,000–4,800 each month from futures trading, using a $1,100 sized wallet. My main investments remain spot trading and wallets to ensure long-term stability.
The important lessons I learned:
1. Stick to your plan: Emotional decisions like panic selling or greedy buying are the quickest ways to lose money. Discipline is key.
2. EMA Strategy: For short-term trades, the 5 EMA on the 5-minute chart is effective. For medium-term trades, use the 21 EMA on the 15-minute and 1-hour charts. For longer time frames, the 50, 100, and 200 EMAs are invaluable. However, smaller time frames are not recommended for trading decisions.
3. Margin and leverage: These are crucial factors for risk management. I use 4x leverage and ensure my margin never exceeds 1% of my portfolio.
4. Fibonacci Retracements: Identifying retracement levels is very important. The 0.618 level is highly reliable, in contrast to the widely praised 'golden pocket'.
5. Candle analysis: Understanding candlestick patterns is essential. Without this skill, consistent profits are nearly impossible.
6. Liquidation data: Tracking liquidity pools is very important, but be cautious. Popular liquidity heatmaps used by many traders are manipulated by exchanges to mislead participants. I rely on alternative, reliable tools for this purpose.
7. Price action over fundamentals: Although sometimes fundamentals play an important role, 98% of my success comes from reading price action.
Nowadays, I am satisfied with my journey in the cryptocurrency space and optimistic about future earnings. I have learned to approach trading with patience and avoid greed. My goal is steady and sustainable growth.
Note: This information is shared solely for educational purposes. I do not run any paid groups or sell signals. Most individuals selling cryptocurrency signals do so because they cannot consistently make money from trading on their own. Always approach such groups with caution.
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