These are 5 important lessons I learned in my 6 years trading Cryptocurrency Market.

1. Any strategy will not work all the time. But if you follow your trading plan and system, you will win in the long run.

2. If you trade based on pride and money, it will not profitable in the long run.

Pride kills learning!

Accept that your system will fail, your set ups will fail.

Trading because of profits(forcing trades without set up,  using bigger margin regardless of the leverage.

It must be:

Small margin = wider stop loss.

Big margin = tight stop loss.

With a good risk/reward ratio and right leverage.

Risk management is important.

3. Problem outside trading.

If you trade without being mentally prepared and your psychology is affected, it is the best chance to blow your account.

4. Market does not care for you even you win or lose, even you are good or bad. It will only reward the right analysis.

5. Profits are still unrealized pnl unless you withdraw it. Profits made in a right system and plan will be profit.

If profit is made without following your system and plan, the profit will be gone in just a matter of time.

#bitcoin #BTC #trading #tradingjourney #crypto2023

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