One big problem with traders is they enter a market place with no training and no experience and expect to compete with seasoned traders.
That doesn’t work in any other career so why would trading be different. It doesn’t matter what your previous career was either. The market doesn’t care if you are a rocket scientist or a burger flipper when you place a trade. There is no reward for past accomplishments or glorified degrees from pricey universities.Sure it may cost you a little upfront to get the right training but it will save you a world of hurt in the long run and may be the deciding factor to weather you survive or not.
Start with small position sizes, worry less about making money and more about executing your game plan and not making mistakes. If you do this the money part will take care of itself. It takes a little time to understand how crypto behave and during that time the last thing you want to do is blow up your account. Also, GET TRAINED!
The other most common mistakes traders make is to go all-in and try to score big with a full portfolio position out of the gate. This is an often painful mistake and why many new investors suffer big losses early on.
In the #Crypto market, success has nothing to do with being lucky.!
You have to study and prepare yourself so that you can become successful.
It isn’t easy at first,but it can be very rewarding. Believe in your ability to learn.
Everyone who decides to trade has an equal shot a success. Those who get trained, stay disciplined and continue to grow will become rich. Those who think they are owed something will be broke.
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