A Beginner's Journey in the Crypto World: Bitter Stories and Valuable Lessons
The crypto world has become a magnet for many people who want to find opportunities for profit in a short time. However, for a beginner, the reality of this world is not always as beautiful as imagined. This article will tell the journey of a beginner who tries his luck in the crypto market, especially in futures trading, and how failure after failure actually becomes a valuable lesson.
The Beginning: Interest in Crypto
Let's call him Arif, an ordinary employee who first heard about crypto from his friends. At first, Arif was skeptical, but stories about the huge profits made by people around him made him curious. He started searching for information on the internet, watching video tutorials, and joining several discussion groups.
However, like many other beginners, Arif only understood the surface of the crypto world. He was more focused on the potential for big profits than understanding the risks involved. "Playing crypto is easy," he thought, "as long as you know when to buy and sell, you will definitely profit." With that belief, Arif decided to try his luck in futures trading.
Playing in Futures Trading: The Road to Failure
Futures trading is one of the instruments in the crypto world that offers great opportunities, but also very high risks. Here, traders can make profits both when prices rise and fall, by using leverage to increase capital. Unfortunately, the same leverage can also be a double-edged sword.
Arif started futures trading with a small capital, but he used high leverage to "enlarge" his profits. In the first try, he felt confident even though he did not really understand market analysis well. He only relied on "feelings" and suggestions from discussion groups.
Initially, Arif did make a small profit. However, like most beginners, euphoria made him increasingly brave in taking bigger risks. Without realizing it, he was trapped in a cycle of "revenge" after experiencing several losses. Every time he lost, he tried to cover the loss by placing a bigger position, which actually ended up losing more capital.
Fatal Mistakes Made by Arif
1. Lack of Education
Arif does not understand the basics of technical or fundamental analysis. He just follows the trend without knowing the reasons behind price movements.
2. Overtrading
Overconfidence often makes him open positions without thorough analysis, which results in big losses.
3. High Leverage Without Risk Management
Using high leverage without a clear strategy is one of the biggest mistakes. When the market moves against his position, the losses incurred are multiplied many times.
4. Too Emotional
Arif often makes decisions based on emotions, be it greed when making a profit or panic when making a loss.
Valuable Lessons from Failure
After losing almost all of his capital, Arif finally realized that the crypto world is not a place to gamble. He began to introspect and learn from the mistakes he had made. Here are some important lessons he learned:
1. The Importance of Education
Before entering the world of trading, Arif realized that he had to truly understand technical analysis, fundamentals, and trading psychology. Education is the key to reducing risk.
2. Risk Management
Arif learned not to use high leverage and always set a stop loss for each transaction.
3. Don't rely on feelings
Trading decisions should be based on objective analysis, not feelings or other people's advice.
4. Trading Psychology
Controlling emotions is important in trading. Arif learned to stay calm, both when winning and losing.
Conclusion: From Failure to Success
Arif's journey is a reflection for many beginners trying their luck in the crypto world. There is no shortcut to success. It takes education, discipline, and patience to truly understand this dynamic market.
For those of you who are interested in entering the crypto world, learn from Arif's mistakes. Make this experience a reminder that success requires a process. The crypto world is indeed promising, but only for those who are ready to learn and manage their risks wisely.
Hopefully this story provides inspiration and guidance for beginners to move smarter in the crypto world.
