From Novice to Pro: My Journey of Growth as a Trader

 

Did you know many traders face losses when they start trading? Whether they are interested in long-term trading, moving averages, Bollinger Bands, or trading in a 1-hour or 5-minute time frame, they lose money. Too much loss makes them confused and makes them more anxious. The continuous loss forces them to look for other areas of valuable knowledge, like participating in online courses or watching YouTube videos. But as a result, nothing could happen. In reality, by absorbing other traders’ knowledge, you never gain a true understanding of the market until you use your thinking and learning.

Path to success?

Profitability depends on the type of trading system you are using. For example, from my experience at the start, I also faced the same situation but accidentally got a better trading system.

First, I screened crypto coins in multiple exchanges like Binance and Coinbase that met the trend definition at the 4-hour level. I was in search of coins that had callbacks in place. Initially, I succeeded, but later on, I failed to find a decent profit. After some time, I used a 1-hour time frame, but this system also failed after some time.

After some success and some failure, I figured out that success cannot be copied from others, and every trading system has its temperament. Everyone has their own temperament to perform trading, like slow, fast, and trading preferences.

How I developed my trading system

1. If you do not want to become rich overnight, do not participate in trading.
2. Always set a stop loss of 2% against any type of market condition.
3. Never resist the market trend. If you think that the market will return, it is the fluke mentality.
4. Never predict market trends; it does not matter to you.
5. Trading is a probability game, not a reasoning game.
6. Develop your mentality to face the ups and downs of the market.
7. When you are participating in trading, you should consider risks first and then profits.
8. Never enter into trading without a clear trading plan. When you have entered, follow your plan strictly.
9. Always analyze the reasons for entry and exit and strategy execution.
10. You never make money in trading beyond your understanding.