Recently, very fortuitously i had the opportunity to talk to a real big-time Crypto trading professional. He has been trading for over 5 years and he lives off his trading profit. To say the least, it was a genuine stroke of luck that I came in contact with him. I then asked him for a chance to ask some questions and he was very kind and gave me his Telegram username. Needless to say I messaged him on Telegram and he gave me some tips to trade successfully.
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But why would you want to listen to what he said? Well for starters he has a shit ton of experience, been trading for over 6 years. But also he lives off his Crypto earning, and he lives well guys. In his ledger holdings account he has over 10 Bitcoin and 22 ETH amidst other coins he HODLS. In his trading account he has over $50,000 domiciled there that we built up himself through trading. So you can see that he is no small trader and can at least drop some words of wisdom. I'll withhold his name so you can do some guessing. But straight into it, what did he tell me?
First of all, he said if you want to go into Cryptocurrency trading the biggest advise he would give you would be to exercise patience. Many people will promise you magic strategies or premium trading groups where they drop signals that would double your account in 30 or 60 days or whatever, but it is never that easy. Doubling your Crypto account takes months to do so, and it's especially even harder when the account is small. If you don't have up to say $50k according to him to start with, it will be hard so don't beat yourself up be patient. Also just a side note from him, if you are not starting with a large account then please don't look at the dollar values. Read the growth of your account in Bitcoin instead, it would make you feel much better and give you the feeling that you're doing it right in a way.
Second, on the topic of TA (Technical analysis), he feel it's best that you don't pay anyone any money to learn this skill. There are various free resources you can learn from, be it by learning through Forex technical analysis or Crypto, technical analysis is the same nonetheless. It would be smart to conserve the money you would pay, and rather use it to actually trade. But before you toss your money into a live account, make sure you practice the technical analysis you have learnt. Back testing any strategy you want to use is important for your trading to be successful, and he suggests you practice for at least 2 weeks before you go into live trading.
Lastly, when you actually begin to trade learn self control and it would be really throw away your greed. The market will teach you that you're not very special and that you can't and don't know everything, so be willing to adapt and learn whatever the market will throw at you. The market will really humble you, so you might to learn humility before hand (it will help you alot).
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As a parting shot, when you begin trading and you experience those wins "Don't let them get to your head". And when you go through those losses "Don't let them get to your heart". My mentor and I wishes you success, may your bags grow and your health blossom. Remember to wash your hands and stay safe.
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