Do What I Didn't Do: Tips I Should Have Known When Starting in Crypto š§ āØ
If I could send a message to my past self when I started in the crypto world, I would give these tips. They are the lessons I learned through mistakes.š
Pillar 1ļøā£: The Trader's Mindset š§āāļø
šPractice without risk: Start with a demo account to practice your courage and mindset. Many small mistakes in a demo prepare you to avoid a major failure in real trading.
šDon't bet everything at once: If your capital is small, don't invest it all at once in a bullish trend. It's more than enough to capture a strong trend once a year.
šDon't get carried away by the news: Major news often comes with major risks. If you sold on the day of important news, avoid buying back the next day at the high opening.
Pillar 2ļøā£: The Smart Strategy š
šTake advantage of volatility: For the medium to long term, keep cash available to sell on rises and buy on dips.
šInvest in Strong Projects: Projects with solid foundations are worth holding, but always have the discipline to sell at peaks.
šVolume is your best friend: Watch for coins that show an increase in their background volume. This often indicates a potential trend reversal.
Pillar 3ļøā£: Discipline and Habit āļø
šReview your Trades: Create the habit of analyzing your trades. Regularly check if the coins you chose met your expectations and reevaluate your holdings.
šFocus on Action: If you are trading short term, volume plus chart action are your focus. Concentrate on volatile coins and avoid those that are stagnant.
Remember: you cannot earn beyond your knowledge and practice. Adopt these habits and you will be on the right path to protect your capital and grow smartly. šŖ
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