What did you learn about crypto trading?

[Anguwa]

I've also learned that Trading is not an easy money machine. It always need your time and effort and most important you have a lot of knowledge, strategies, patience and self discipline. If you are able to enter, you should also determine your trade exit.

This is one most important part to be taken into consideration while trying to get in fully into crypto trading. The basic trading strategies are very important, because if one can have full understanding of the crypto strategies, there will be no too much loose while trading. Also patience and dedication is needed to claim a very huge profit. Cryptocurrency trading is a way to have successful mode of income if patience and good knowledge is been learned.

[stomachgrowls]

To probably not do it? Kidding aside, it has made me realize the value of money and the fact that trading kills you of your wallet quite fast. I've learned how to manage my losses and how to allocate my budget for my assets as well as how to manage them properly (I hope I am doing this properly). Pretty much learned all the hard facts about trading and about losing money. I've long left trading and just started hodling since, after almost a year of trading, I already realized it wasn't for me.

I'm certain that the few points covered here resonates with most traders. Of course, taking losses and dealing with them is part of the journey, but what keeps us going is the fact that you can find these little patterns or points that to you look clear as day that it is time to buy/sell - the joy of having that knowledge is amazing, not to mention the reward/s that comes with it.

Overall, learning points have also been not holding for too long, waiting for certain news and conduct DD as hell, plus spending a great amount of time just researching the markets - all that takes SO much effort but as often it turns out that these efforts are rewarded.

A combination of all possible methods or factors which you would really be needing in able to read up and act up according on what you had analyzed

and this is where people do really differ because not all would really be that same level in terms of intelligence and experience.
Its true that most feedbacks and post up on here do  resonates most of trades which is the fact.

Technicals,Fundamentals and other things would count as long it would able to sustain you out.

[ReiMomo]

To probably not do it? Kidding aside, it has made me realize the value of money and the fact that trading kills you of your wallet quite fast. I've learned how to manage my losses and how to allocate my budget for my assets as well as how to manage them properly (I hope I am doing this properly). Pretty much learned all the hard facts about trading and about losing money. I've long left trading and just started hodling since, after almost a year of trading, I already realized it wasn't for me.

I'm certain that the few points covered here resonates with most traders. Of course, taking losses and dealing with them is part of the journey, but what keeps us going is the fact that you can find these little patterns or points that to you look clear as day that it is time to buy/sell - the joy of having that knowledge is amazing, not to mention the reward/s that comes with it.

Overall, learning points have also been not holding for too long, waiting for certain news and conduct DD as hell, plus spending a great amount of time just researching the markets - all that takes SO much effort but as often it turns out that these efforts are rewarded.

A combination of all possible methods or factors which you would really be needing in able to read up and act up according on what you had analyzed

and this is where people do really differ because not all would really be that same level in terms of intelligence and experience.
Its true that most feedbacks and post up on here do  resonates most of trades which is the fact.

Technicals,Fundamentals and other things would count as long it would able to sustain you out.

Yes all these Technics and Fundamental analyses are just supportive factors to just indicate how the market is moving. It depends on each one how she or he interprets and acts accordingly. What I have learnt in the last six years is, the target / the profit / long term or short term would define the owner how the technical analyses has to taken in. It will certainly differ from each trader.

[Johnyz]

Crypto trading wakes me up from being lazy to being greedy because there’s a lot of good opportunity to make money here and if you have enough money to buy and trade, that could be more fun. Crypto trading is not easy at all, it takes a lot of courage and the pump and dump trend is not a big joke, you have to know how to ride it properly. Learning how to adopt the big change is a big factor for me, trading is the proof that we always have to keep on learning and in cryptomarket, you must be more flexible.

[el kaka22]

For me it is obvious that people who end up with "I need to get rich as quickly as possible" are usually the people who lose the most money in trading. That is what I learned and it has served me very well so far. I have managed to make sure that there is a good chance I could make a profit if I just go slow, 20% a year is not bad, if I can do 50% a year it is even better. That is seriously huge amount of money when you consider it could be done for 20-25 years.

I mean your 100 bucks today could be 150 bucks, to 225, 2.5 million dollars in 25 years and that is with ONLY 100 dollars invested. Imagine the power of 50% a year for 25 years. You could make a lot more than that in crypto and you could invest more than 100 dollars as well. So all in all I would say that people who are looking for the "next 10x coin" are missing out the long term wealth.

[kawetsriyanto]

Trading is not just to earn but also to learn. I

Exactly, trading is about earning and learning.
And learning here is very complex while trading. Because we can learn many things from trading.
It is not only based on learning about cryptocurrency and trading basically strategy. But it is also learning about emotional control, management of funds and risks, carefulness, patience, and many things.
We must not feel satisfied enough every time we earn money from trading, because sometimes later, we may also lose our money because of trading.
And we must be ready for this situation.

[DoublerHunter]

Trading is not just to earn but also to learn. I

Exactly, trading is about earning and learning.
And learning here is very complex while trading. Because we can learn many things from trading.
It is not only based on learning about cryptocurrency and trading basically strategy. But it is also learning about emotional control, management of funds and risks, carefulness, patience, and many things.
We must not feel satisfied enough every time we earn money from trading, because sometimes later, we may also lose our money because of trading.
And we must be ready for this situation.

^ It is definitely right.
Trading is about learning and earning but in fact, this is a very complicated thing that we must consider. It is not easy to learn in trading, and it is also required like trial and error but you cant repeat the same process, the only thing that you can benefit from is that the more experience you have gained the more chances that you will learn. For me? I learned how to control my emotion on trading and also controlled my emotion not to being greedy when you are in trading.

[Boov]

There's many circumstances that brought me here in trading which eventually made me a full time trader. My Skills was developed for several years, but still unpredictable trend will become more harder when you got different factors affect your decision making. That's why we need to focus in different aspects that would provide you several opportunities to catch up potential losses and wins.

[horrifiedx1]

At first I only did bounty hunters, but after getting the capital, the capital had to be partially rotated, so I thought about learning to trade as well as investing. at first I only traded and invested in bitcoin, and over time I tried my luck investing in new projects that I thought had potential, even though I can't be consistent right now, I can feel comfortable in this world

[xmonkeyx]

For me, in addition to knowledge about trading, being able to control one's own emotions well is also very necessary where when you experience defeat or refrain from being greedy.
from my experience so far emotion is the thing that very often destroys me in trading where when emotions cannot be controlled there will be many mistakes that will appear.

[so98nn]

I would say I have two judgemental words for the bitcoin and that’s “unstable” and “complex”.  Wel both the words are based on its reading pattern and also the direction where it is going. I’m not sure if bitcoin trading will ever get easier along the way or not but it’s gonna be unstable all the time no matter what! It’s very hard to apply the technical analysis to the current market and well it’s way above than fundamentals so pretty unstable all the time. Well I am using complex because I don’t really understand where we taking crypto. Whether it is just another financial system or whether it is something out of sci-fi movie where you can use crypto on the outer space or don’t know something else. It’s just without goals may be just with some benefits and what not.

[Sihab76]

I am a short time trader means day trader. I never fun of future trade because I already lost my huge amounts of dollars in future trading on Binance centralized exchange. But in the cryptocurrencies trading knowledge and experience have more important.

[Quidat]

I am a short time trader means day trader. I never fun of future trade because I already lost my huge amounts of dollars in future trading on Binance centralized exchange. But in the cryptocurrencies trading knowledge and experience have more important.

As a trader then you would really come into a point on where you would be testing out waters which means  this includes on  testing out futures or leverage trades but once you had experienced it for yourself and find out on how  risky it is then you wouldnt really tend to step your foot  again.One most common misconception is that they do really believe that futures trading is easy, yes it could make out big profits
but the risk involved is way too high compared when you do deal with spoot trades.

[chanler]

it's true that in trading we also need to upgrade our knowledge so that our knowledge increases to be able to trade well. why it needs to be done is because we know that in trading we have to deal with ups and downs in the crypto market and here we must have sufficient knowledge and experience so that we can deal with it well. My experience is trading from the beginning i joined until now I have get the profit and also failed in it and from there I learned more so that I can trade better.

[Hypnosis00]

I am a short time trader means day trader. I never fun of future trade because I already lost my huge amounts of dollars in future trading on Binance centralized exchange. But in the cryptocurrencies trading knowledge and experience have more important.

As a trader then you would really come into a point on where you would be testing out waters which means  this includes on  testing out futures or leverage trades but once you had experienced it for yourself and find out on how  risky it is then you wouldnt really tend to step your foot  again.One most common misconception is that they do really believe that futures trading is easy, yes it could make out big profits
but the risk involved is way too high compared when you do deal with spoot trades.

Yeah, it is a test until where we can still manage to keep ourselves strong. And it happens that many had easily given up once suffering losses.

And these are the thing I've found in trading;
1. mindset (negative/positive)
2. Patients
3. Focus
4. Knowledge and skills

We have all of these things once experienced trading in real life. Many got intimidated because of their bad experience and many are happy with their results. And it found to be one reason as this trading isn't for everybody.

[Taskford]

I am a short time trader means day trader. I never fun of future trade because I already lost my huge amounts of dollars in future trading on Binance centralized exchange. But in the cryptocurrencies trading knowledge and experience have more important.

Reading charts will somehow help you in this case to avoid losing also you better stick on top alts when you do trade in binance futures since the movements is considerable and just don't increase the leverage higher as you might lose huge amount for that. Also maybe its good for you to stick on spot trading first so that you can avoid huge lose since spot is good for all traders who's starting up.

[el kaka22]

I have to say do not stop learning no matter how wise you think yourself to be. I know that it is not really something we could see coming but one day there will be a lot of losses and you will try to estimate why it happened and what you will realize is that there are a lot more new stuff that you needed to learn. Even if you manage to learn every single detail on how to trade that is shared until today, then you will need to read what will be shared tomorrow as well. This is why trading is not just about candlesticks and buys and sells, it is about reading as well.

Moreover, I never stop checking the news and blogs and academies, because even if I learn one single more thing the entire day, then I will be doing fine in the future. That is what your end goal should be though, learn as much as you can, and after a while when you become good, just learn one more thing every day.

[carrigan]

I have learned a lot about crypto. Especially in managing emotions, strategies, and the right time. Must always concentrate on monitoring market developments, never give up when market conditions are unstable. Of course all these things are very difficult to pass but in that way I can have a valuable lesson. Not only about the results in the form of money that we will receive, but the hard work that we have gone through will feel paid off and become an interesting experience.

[wajik-tempe]

Learning crypto is really teach us to be adult in every situation, controlling emotion is not easy even if our age is already adult enough but been in cryptospace for more than 3 years already made me feel more patient to every situation, we know something bad will pass in near future and if we got mad at current situation and did something unecessary we will be more upset in the future.
Managing assets and entering market at the right time is also could implement in many things in our life, feeling blessed to be in crypto space.

[justdimin]

I have to say do not stop learning no matter how wise you think yourself to be. I know that it is not really something we could see coming but one day there will be a lot of losses and you will try to estimate why it happened and what you will realize is that there are a lot more new stuff that you needed to learn. Even if you manage to learn every single detail on how to trade that is shared until today, then you will need to read what will be shared tomorrow as well. This is why trading is not just about candlesticks and buys and sells, it is about reading as well.

Moreover, I never stop checking the news and blogs and academies, because even if I learn one single more thing the entire day, then I will be doing fine in the future. That is what your end goal should be though, learn as much as you can, and after a while when you become good, just learn one more thing every day.

This is a way to become a good trader, a great trader really but it also requires a lot of time as well. You have to understand that there are a lot of people who go to work every day, work 8 hours, but they usually come home at evenings, which means you start your "own" day at 18:00 or so, even later if you live in a place with traffic like I do. Which means you have only a few hours a day.

If you both trade and learn to trade that is whole day gone, if you keep doing that every day, then when are you going to live your life? When you become rich from trading? What if that doesn't happen, or takes decades for it to happen? In that case you just spend a lot of years for just working all day, first at your job then trading and never did anything for yourself. I am not saying what you said is wrong, it is 100% correct, it is just not quite possible for everyone in the world.