Disclaimer: The content covered in this guide is NOT explicit investment advice and I am not a registered CFA or any other type of financial advisor. The material covered within this guide is for educational purposes only. Always do your own research and only invest based on your own findings and personal judgment. Happy Trading.
I’ve been in crypto since 2016. Since then I’ve likely tried more strategies than most traditional traders have tried in their entire lifetime. Since then, in order to stay sane (and stay in business), I’ve learned what works and what doesn’t the hard way.
The most important thing that I’ve learned is risk management. Easy come, easy go: go for quick gains and you will likely see quick losses. Moreover, what many traders fail to see is that highly leveraged products (when unhedged) have a skewed risk such that the trader is highly disadvantaged.
Due to this, personally I struggled for years until I simplified my entire approach. Instead of trying to scalp Bitcoin on high leverage or try to find and buy ‘the next big altcoin’, I instead focused everything on solely two assets: BTC and USD. How could I increase both as efficiently as possible while maintaining risk?
It wasn’t altcoins, it wasn’t some type of complex derivative trading — rather it was just focusing solely on Bitcoin. With time and good analysis, the volatility of Bitcoin allows for ample opportunity to steadily make good income if you know what you are doing and can keep your short-term emotions in check.
I want you to be successful, regardless of market conditions. I want you to avoid the pitfalls that I fell into and to do so I’ve chosen to only add in material that I believe will help you the most. Therefore, I believe that this guide will allow you to become the best trader that you can possibly be.