I failed massively in Crypto for 3 years so you don’t have to

Our greatest failures can often lead to our biggest successes. After being in the market for 3 years and making every mistake possible, I think I’m finally ready to put everything I learned to use. So here are a few of the mistakes I’ve made over the years, and how to avoid them.

Day Trading Just don’t do it. The only trades that should be made in a day, are ones you plan to hold all the way. Most day trades in my experience are based on FOMO and FUD. And even with the best technical analysis, you probably still won’t beat the spread. Even during super pumps when you’re up 100% in an hour, just hodl. Its extremely easy to wreck your position based on short term trades and it’s not worth the risk even if you double your position from time to time. Make long term trades based on the overall position of the current BTC 4 year cycle.

Unnecessary Spending Don’t spend any of your investments on anything even when you’re up massively. That new car, engagement ring, or washing machine can wait. Stick to your long term goals with certainty and hold. You will be able to take care of your family even more in the future if you just hodl. Be aware of your position in the 4 year cycle and don’t buy things you don’t need in the middle of it.

Income Don’t quit your day job. It can be easy to think you can just live off trading at times. It’s not impossible to do, but you’ll be needing a lot of grocery’s and bills payed very soon that will be coming out of your holdings. Living off crypto will slowly bleed your savings dry and eat into those long term multipliers. A steady income will allow you to stack more, and hold long term, rather then losing anything.

All these things may seem pretty trivial. But it can be the smallest things that add up in the long run. However may we all learn from our mistakes and become crypto millionaires. Good luck and happy trading. ????