Cryptocurrency

Lessons I Learned From Trading Cryptocurrency

I am not an expert trader by any means but along my crypto journey there are some things that have helped me. I want to share this information to all the new crypto traders out there and hopefully it will help you out as it has for me.

The 90-90-90 Rule

First is learn to trade by using a small amount of money, like $1 to $5. You are not going to make any significant money by investing small amounts of money but it will help you become familiar with the patterns of the market. There is 90% chance you are going to lose all your money trading if you are a beginner. There is a rule among trading experts called the 90-90-90 rule, and the rule states that 90% of new traders lose 90% of their money withing their first 90 days of trading. I didn’t learn this until recently and looking back it is very true. If you read my previous blog post on crypto, I wrote about my experience trading. So if you are going to lose money learning then it is better to lose a small amount of money.

It’s Difficult To Not Give In To Emotion

You might think you are a level headed individual that will not give in to they hype when the prices start rise or conversely you won’t panic when the prices drop. But if you are looking to make money quickly or want to earn a steady income from crypto you will be more susceptible to giving in to the emotional rollercoaster of crypto trading. If you make one good trade you will try it again and if you make another good trade you will try another and so on. But when do you stop? Bull runs don’t last forever and even if you are aware that the rise is temporary when will you know when to stop?

Crypto Markets Are “Relatively” Volatile

Don’t expect 100%, 50% or even 30% increases every day. While it is entirely possible to hit these gains it doesn’t happen on a daily basis. There are times when crypto will stay near the same price for weeks. Crypto is extremely volatile when compared to the stock market and other assets such as gold and silver. But don’t expect extreme price fluctuations every day.

My Ideal Starting Point

First make sure to know if we are in a long term bull market. Then I would ideally start with $1000 dollars. It is much more feasible to make a bunch of trades with 1% gains than to expect 10% increases or above. If you make 10 trades that net you 1% gains each that will result in about $10 profit per trade. Which is about $100 dollars if you trade successfully 10 times in a day. However even this could be very challenging for a beginner but I do believe it is doable if you know what you are doing.

Learn Resistance, Support and Trend Lines

There are many trading strategies and algorithms that you could learn but for me some of the best indicators are resistance and support along with trend lines. When learning how to read graphs make sure to learn how to identify support and resistance on a graph. Also make sure to learn how to mark and identify trend lines. Marking and trend lines and identifying support and resistance zones are crucial for me when making trading decisions. However they are not the only indicators you should use.

Don’t Invest In No-Name Altcoins

That’s not to say that all altcoins are bad because there are definitely some good ones. But you never know when an altcoin is going to shut down. One day a trading platform could announce that a coin is going to be delisted and you won’t be able to sell it because everyone knows that it is going to be delisted and no one will buy. They are to risky and from my experience they tend to move very slowly because people will just sit on them for long periods of time.

Resources That Helped Me

www.tradingview.com – this website has graphs and graphing tools for many cryptocurrencies and exchanges available for free.

https://www.investopedia.com/terms/m/macd.asp – Learn how to read the MACD (Moving Avarage Convergence and Divergence) indicator.

https://www.investopedia.com/terms/e/ema.asp – Learn the 4EMA indicator

https://pro.coinbase.com/ – Use Coinbase Pro instead of a regular Coinbase account to buy bitcoin. Coinbase Pro is absolutely free but it allows you to make limit orders which will save you money from transaction fees.

https://coinmarketcap.com/coins/ – This website is good for seeing the market capitalization for cryptos. And daily performance of many cryptocurrencies. They also have cryptocurrency converter tool that is very helpful.

Keep up with crypto news. It is extremely important to know what is going on even if you are day trading. For example BitcoinSV is going to be delisted very soon. So it is important that you do not buy that coin because if you do you will lose a lot of money.

Keep Learning

This is not a comprehensive guide but just a few lessons that I learned along the way and I know I still have much more to learn.

*BTW we are at the start of a new 4 year cycle. – https://www.youtube.com/watch?v=PZvOhJYW_Hw

165 thoughts on “Lessons I Learned From Trading Cryptocurrency”

  1. Woah! I’m really digging the template/theme of this
    blog. It’s simple, yet effective. A lot of times it’s
    very hard to get that “perfect balance” between user friendliness and appearance.
    I must say that you’ve done a amazing job with
    this. Additionally, the blog loads super fast for me on Chrome.
    Excellent Blog!

  2. fantastic submit, very informative. I’m wondering why the other specialists of this
    sector do not realize this. You should proceed your writing.
    I am sure, you’ve a great readers’ base already!

  3. Excellent article. Keep writing such kind of info on your page.
    Im really impressed by it.
    Hey there, You have performed a great job. I’ll certainly
    digg it and for my part suggest to my friends. I’m sure they’ll be
    benefited from this web site.

  4. Great work! That is the type of information that are meant to be shared around the net.
    Shame on Google for no longer positioning this submit upper!

    Come on over and consult with my web site . Thanks =)

  5. I was suggested this website by my cousin. I am not sure whether
    this post is written by him as nobody else know such detailed about my difficulty.
    You’re amazing! Thanks!

  6. Hello there! Quick question that’s entirely off topic.
    Do you know how to make your site mobile friendly?
    My blog looks weird when viewing from my iphone4.
    I’m trying to find a theme or plugin that might be able to correct this problem.
    If you have any suggestions, please share. With thanks!

  7. This is very interesting, You’re a very skilled blogger.

    I’ve joined your rss feed and look forward to
    seeking more of your magnificent post. Also, I’ve shared your website in my social networks!

  8. Wow! This can be one particular of the most useful blogs We’ve ever arrive across on this subject. Actually Great. I’m also an expert in this topic therefore I can understand your effort.

  9. The most comprehensive and complete database of over 11,000+ cryptocurrency websites is out!

    Here is what it contains:

    You will receive a Global Database of All Cryptocurrency and Blockchain Websites and Business Contact Details. The cryptocurrency database contains practically all types of crypto and blockchain sites, including but not limited to ICO sites, wallets, crypto exchanges, blockchain news sites, forums, tech and trading sites and much more. The B2B marketing list comes in an Excel .csv format and contains the following contact details: emails, websites, addresses, phone numbers and social media links.

    How Our Cryptocurrency Business Leads Can Help Your Business: Connecting the Dots

    Our cryptocurrency B2B marketing list can help your business to promote your goods and services to virtually all types of cryptocurrency websites. You can even use the blockchain contact details to do a guest blog post outreach to build some quality and crypto-related niche backlinks to help to improve your off-page SEO and organic rankings. Our B2B marketing list simply connects the dots between you and your business.

    Download your copy right now at https://creativebeartech.com/product/blockchain-and-cryptocurrency-email-list-for-b2b-marketing/

  10. Wonderful beat ! I would like to apprentice even as you amend your site, how can i subscribe for a weblog site? The account helped me a appropriate deal. I were a little bit familiar of this your broadcast provided brilliant clear idea

  11. Una vez aceptado el técnico reparará su electrodomésticoSiemens con piezas originales, y una vez finalizado el trabajo comprobará su correcto funcionamiento. En 19 se fundó Osram GmbH, Siemens & Halske y otros tres grupos alemanes llevaron a cabo esta acción (entre ellos AEG). Nuestro personal recogerá sus datos y al instante se pondrá en contacto con el técnico para reparar su electrodoméstico SIEMENS. Nuestros técnicos están especializados en la reparación de hornos SIEMENS de todo tipo. Nuestros técnicos están especializados en la reparación de termos SIEMENS de todo tipo.

  12. you are really a just right webmaster. The web site loading pace is amazing. It kind of feels that you’re doing any unique trick. In addition, The contents are masterpiece. you have done a fantastic job on this matter!

  13. “Hey there! This post could not be written any better! Reading this post reminds me of my old room mate! He always kept talking about this. I will forward this article to him. Fairly certain he will have a good read. Many thanks for sharing!”

  14. Desde su nacimiento, en el año 1986, Mecanizados Calvet ha mantenido una firme evolución acorde a la necesidades de sus clientes, siempre atento a las nuevas tendencias de los mercados, que ha hecho que actualmente ocupemos unas instalaciones con una superficie de 1600 m2 construidos y una plantilla altamente cualificada. Para ello, contamos con maquinaria que garantiza la precisión que requiere este tipo de mecanizado. Mecanizados, maquinaria y utillaje. Nuestra experiencia, un equipo humano cualificado y unas instalaciones adecuadas hacen de nuestra empresa un referente, marcando la diferencia con el resto de competidores.

  15. I simply couldn’t depart your website before suggesting that I actually loved the usual info a person provide in your visitors? Is going to be again often in order to check out new posts

  16. Me dijeron q no tenian constancia de ella y que llamase al servicio de transporte, me puse en contacto con ellos y me mandaron el albaran de entrega. Podeis encargar las reparaciones fuera de garantia para HTC desde nuestra web, a unos precios competitivos y con tiempos de reparación realmente rápidos. Lo que quiero decir es que los problemas dependen más de los programas que uses que de la diferencia entre la rom .0 ó .1. y el cambio de rom no es sencillo. No te preocupes mas por eso, ahora empieza tu sufrimiento para ver cuanto tiempo tardan en reparartela.

  17. The most comprehensive and complete database of over 11,000+ cryptocurrency websites is out!

    Here is what it contains:

    You will receive a Global Database of All Cryptocurrency and Blockchain Websites and Business Contact Details. The cryptocurrency database contains practically all types of crypto and blockchain sites, including but not limited to ICO sites, wallets, crypto exchanges, blockchain news sites, forums, tech and trading sites and much more. The B2B marketing list comes in an Excel .csv format and contains the following contact details: emails, websites, addresses, phone numbers and social media links.

    How Our Cryptocurrency Business Leads Can Help Your Business: Connecting the Dots

    Our cryptocurrency B2B marketing list can help your business to promote your goods and services to virtually all types of cryptocurrency websites. You can even use the blockchain contact details to do a guest blog post outreach to build some quality and crypto-related niche backlinks to help to improve your off-page SEO and organic rankings. Our B2B marketing list simply connects the dots between you and your business.

    Download your copy right now at https://creativebeartech.com/product/blockchain-and-cryptocurrency-email-list-for-b2b-marketing/

  18. Hello! This is my first visit to your blog! We are a group of volunteers and starting a new project in a community in the same niche. Your blog provided us valuable information to work on. You have done a outstanding job!

  19. That is really interesting, You are an excessively
    professional blogger. I have joined your rss feed and look ahead to looking for extra of your great post.
    Additionally, I have shared your site in my social networks

  20. Hello there! This is my first visit to your blog! We are a group
    of volunteers and starting a new initiative in a community in the same niche.

    Your blog provided us useful information to work on. You have
    done a marvellous job!

  21. Hi, I do believe this is an excellent site. I stumbledupon it 😉 I will come back once again since I book marked it.
    Money and freedom is the best way to change,
    may you be rich and continue to guide others.

  22. Your style is so unique in comparison to other people I’ve read stuff from.
    I appreciate you for posting when you’ve got the opportunity, Guess I will just
    book mark this page.

  23. Hi! I know this is kinda off topic but I was wondering if you knew where I could
    get a captcha plugin for my comment form? I’m using the same blog platform
    as yours and I’m having problems finding one? Thanks a lot!

  24. It’s appropriate time to make some plans for the future and it is time
    to be happy. I’ve read this post and if I could I want to suggest you few interesting things or advice.
    Perhaps you could write next articles referring to this article.
    I want to read more things about it!

  25. Wonderful beat ! I would like to apprentice while
    you amend your website, how can i subscribe for a
    blog website? The account helped me a acceptable deal.
    I had been a little bit acquainted of this your broadcast provided bright clear idea

  26. Please let me know if you’re looking for a article
    writer for your blog. You have some really great articles and I
    feel I would be a good asset. If you ever want to take
    some of the load off, I’d love to write some material for
    your blog in exchange for a link back to mine. Please shoot me an e-mail if interested.
    Cheers!

  27. Hello! Do you know if they make any plugins to assist with SEO?
    I’m trying to get my blog to rank for some targeted keywords but
    I’m not seeing very good results. If you know of any please share.
    Many thanks!

  28. Hi there, just became alert to your blog through Google, and found
    that it’s truly informative. I am going to watch out for brussels.
    I will be grateful if you continue this in future. Numerous people will be benefited from your writing.
    Cheers!

  29. Hi there, just became aware of your blog through Google, and found that it’s
    truly informative. I am going to watch out for brussels.
    I’ll appreciate if you continue this in future. Lots of
    people will be benefited from your writing. Cheers!

  30. That is really attention-grabbing, You’re a very skilled blogger.
    I’ve joined your feed and sit up for in search of more of your wonderful post.
    Also, I have shared your website in my social networks

  31. May I simply say what a relief to discover somebody who really understands what they are discussing on the web.
    You definitely understand how to bring a problem to light and make it important.
    A lot more people must read this and understand this side of your story.
    I can’t believe you aren’t more popular because you surely
    possess the gift.

  32. Good post. I learn something new and challenging on blogs I stumbleupon everyday.
    It’s always interesting to read articles from other authors and practice
    a little something from their web sites.

  33. Just want to say your article is as surprising.
    The clearness in your post is simply nice and i can assume
    you’re an expert on this subject. Well with your permission allow
    me to grab your RSS feed to keep up to date with forthcoming post.
    Thanks a million and please continue the rewarding work.

  34. I am extremely impressed with your writing
    skills and also with the layout on your blog. Is this
    a paid theme or did you customize it yourself?
    Anyway keep up the excellent quality writing, it’s rare
    to see a great blog like this one today.

  35. Howdy would you mind sharing which blog platform you’re working with?
    I’m planning to start my own blog soon but I’m having a
    hard time making a decision between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your design seems different then most blogs and I’m looking for something unique.
    P.S My apologies for being off-topic but I had to ask!

  36. Hello would you mind letting me know which web host you’re using?
    I’ve loaded your blog in 3 completely different browsers and I
    must say this blog loads a lot faster then most.
    Can you recommend a good internet hosting provider at a honest price?
    Cheers, I appreciate it!

  37. When I initially commented I clicked the “Notify me when new comments are added”
    checkbox and now each time a comment is added I get
    four emails with the same comment. Is there any way you can remove people from that service?
    Appreciate it!

  38. Hi there, I discovered your web site by means of Google
    at the same time as looking for a related subject, your site came up,
    it seems to be great. I have bookmarked it
    in my google bookmarks.
    Hi there, just become alert to your weblog via Google, and found
    that it is really informative. I’m gonna watch out for
    brussels. I will be grateful if you proceed this in future.
    Numerous other people will probably be benefited out of your writing.

    Cheers!

  39. I was pretty pleased to uncover this great site. I wanted to thank
    you for ones time for this particularly fantastic read!!

    I definitely enjoyed every bit of it and i also have you book marked to see new stuff on your website.

  40. I’m amazed, I have to admit. Rarely do I encounter a blog that’s both educative and entertaining, and let me tell you, you have hit the nail on the head.
    The issue is something that not enough men and women are speaking intelligently about.

    I’m very happy I came across this during my hunt for something regarding this.

  41. Write more, thats all I have to say. Literally, it seems as though
    you relied on the video to make your point. You definitely
    know what youre talking about, why waste your intelligence on just posting
    videos to your blog when you could be giving us something informative to read?

  42. Very good blog! Do you have any tips and hints for aspiring
    writers? I’m hoping to start my own site soon but I’m a little
    lost on everything. Would you propose starting with a free platform
    like WordPress or go for a paid option? There are so many options out there that I’m totally confused ..
    Any suggestions? Many thanks!

  43. Hmm it looks like your blog ate my first comment (it
    was super long) so I guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog.

    I as well am an aspiring blog writer but I’m still new to
    everything. Do you have any recommendations for beginner blog writers?
    I’d genuinely appreciate it.

  44. It’s actually a great and useful piece of info. I’m satisfied
    that you shared this useful information with us. Please stay us informed like this.
    Thank you for sharing.

  45. I think this is one of the most significant
    info for me. And i’m glad reading your article. But want to remark on few general things,
    The web site style is perfect, the articles is really excellent :
    D. Good job, cheers

  46. It’s appropriate time to make some plans for the future and it is time to be happy.
    I’ve read this post and if I could I wish to suggest you few interesting things or advice.

    Perhaps you can write next articles referring to this
    article. I wish to read even more things about it!

  47. Does your website have a contact page? I’m
    having a tough time locating it but, I’d like to shoot you an email.

    I’ve got some creative ideas for your blog you might be interested in hearing.
    Either way, great website and I look forward to seeing
    it grow over time.

  48. Magnificent goods from you, man. I have understand your stuff previous to and you are just
    extremely magnificent. I actually like what you have acquired here, certainly like what
    you’re saying and the way in which you say it. You make it enjoyable and you still
    take care of to keep it wise. I can’t wait to
    read far more from you. This is really a great website.

  49. Autolike, Autoliker, Status Liker, Autolike International, Auto Like, autolike, Working Auto Liker, ZFN Liker, auto like, auto liker, autoliker, Auto Liker, Photo Liker, Status Auto Liker, Autoliker, Increase Likes, Photo Auto Liker

  50. Hello There. I found your blog the use of msn. That is an extremely well written article.
    I’ll be sure to bookmark it and come back to learn more of your useful information. Thanks for the post.
    I will certainly return.

  51. My spouse and I absolutely love your blog and find many of your post’s to be
    just what I’m looking for. Would you offer guest writers to write content available for you?

    I wouldn’t mind publishing a post or elaborating on a
    few of the subjects you write related to here. Again, awesome website!

  52. Awesome site you have here but I was curious about if
    you knew of any community forums that cover the same topics talked about in this
    article? I’d really like to be a part of online community
    where I can get advice from other experienced individuals that share the same interest.
    If you have any recommendations, please let me know. Kudos!

  53. Can I just say what a relief to discover somebody that really understands what they’re talking about online.
    You certainly understand how to bring an issue to light and make it important.
    More people really need to read this and understand
    this side of your story. I was surprised that you aren’t more popular given that
    you most certainly possess the gift.

  54. Pretty section of content. I just stumbled upon your site and in accession capital to assert that I get actually enjoyed account your blog posts.
    Anyway I will be subscribing to your augment and even I
    achievement you access consistently rapidly.

  55. I’m really enjoying the design and layout of your
    blog. It’s a very easy on the eyes which
    makes it much more pleasant for me to come here and visit more
    often. Did you hire out a developer to create your theme?
    Superb work!

  56. Hiya very nice blog!! Man .. Excellent ..
    Wonderful .. I’ll bookmark your site and take the feeds additionally?
    I am happy to search out numerous useful info here within the
    post, we’d like work out more strategies in this regard, thanks
    for sharing. . . . . .

  57. I have been browsing on-line more than 3 hours these days, yet
    I by no means discovered any fascinating article like
    yours. It is beautiful worth sufficient for me. Personally, if
    all web owners and bloggers made good content material as you did,
    the internet will likely be much more helpful than ever before.

  58. You actually make it seem so easy together with your presentation but I
    to find this topic to be actually one thing that I feel I would never understand.
    It kind of feels too complicated and very vast for me.
    I’m having a look ahead for your next submit, I will attempt to get the cling of it!

  59. Hi great website! Does running a blog such as this require a lot of work?
    I’ve very little understanding of computer programming however I was
    hoping to start my own blog in the near future.
    Anyhow, if you have any ideas or techniques for new blog owners please share.
    I know this is off topic however I just wanted to ask.
    Appreciate it!

  60. Howdy! This is kind of off topic but I need some guidance from
    an established blog. Is it very difficult to set up your own blog?
    I’m not very techincal but I can figure things
    out pretty fast. I’m thinking about setting up my own but I’m not sure where to
    start. Do you have any points or suggestions? Thanks

  61. Greetings from California! I’m bored at work so I decided to browse your site
    on my iphone during lunch break. I love the info you provide here and
    can’t wait to take a look when I get home. I’m surprised at how quick your blog loaded on my phone ..
    I’m not even using WIFI, just 3G .. Anyways, good site!

  62. Oh my goodness! Awesome article dude! Many thanks, However I am going through difficulties with your
    RSS. I don’t know the reason why I am unable to subscribe to it.
    Is there anybody else getting the same RSS problems? Anybody who knows the answer will you kindly respond?

    Thanx!!

  63. You made some good points there. I checked on the web to
    find out more about the issue and found most people will go along with
    your views on this website.

  64. Hi I am so thrilled I found your webpage, I really found
    you by accident, while I was researching on Digg for something else, Anyways I am here now and would
    just like to say thank you for a tremendous post and
    a all round thrilling blog (I also love the theme/design), I don’t have time to look over it all at the minute but
    I have bookmarked it and also included your RSS feeds,
    so when I have time I will be back to read more, Please do keep up the
    excellent b.

  65. After going over a number of the blog posts on your web site,
    I seriously appreciate your way of blogging. I book-marked it to my bookmark website list and will be checking back soon. Please visit my web site as well and let me know what you think.

  66. Very nice post. I just stumbled upon your blog and wished to say
    that I’ve really enjoyed browsing your blog posts. After all I will be subscribing
    to your rss feed and I hope you write again very soon!

  67. Hello, I do think your web site may be having web browser compatibility problems.
    When I take a look at your site in Safari, it looks fine however, when opening
    in I.E., it’s got some overlapping issues. I simply wanted to give you a quick heads up!
    Aside from that, fantastic site!

  68. Hi there! This is kind of off topic but I need some help from an established blog.
    Is it very hard to set up your own blog? I’m not very techincal but I can figure things out pretty fast.

    I’m thinking about creating my own but I’m not sure where to begin. Do you have any points or suggestions?
    With thanks

  69. Have you ever considered about adding a little bit more than just your articles?

    I mean, what you say is valuable and all. Nevertheless
    imagine if you added some great images or video clips to give your posts more, “pop”!

    Your content is excellent but with images and clips, this
    site could undeniably be one of the best in its niche.
    Superb blog!

  70. Thanks for the auspicious writeup. It if truth be told was a amusement account it.

    Glance advanced to more delivered agreeable from you! However, how could we keep
    in touch?

  71. Woah! I’m really digging the template/theme of this site.
    It’s simple, yet effective. A lot of times it’s challenging to get
    that “perfect balance” between user friendliness and visual appearance.

    I must say you’ve done a great job with this. In addition, the blog loads very
    fast for me on Opera. Excellent Blog!

  72. Good post. I learn something new and challenging on websites I stumbleupon everyday.
    It’s always interesting to read content from other
    authors and use something from their web sites.

  73. Magnificent beat ! I wish to apprentice at the same time as you amend your web
    site, how can i subscribe for a weblog site? The account helped me a acceptable deal.
    I have been a little bit familiar of this your broadcast provided shiny clear concept

  74. My spouse and I absolutely love your blog and find almost all
    of your post’s to be precisely what I’m looking for. Would you offer guest writers to write content
    for yourself? I wouldn’t mind publishing a post or elaborating on many of the subjects you write regarding here.
    Again, awesome site!

  75. I like what you guys are up also. Such intelligent work and reporting! Carry on the superb works guys I¦ve incorporated you guys to my blogroll. I think it’ll improve the value of my web site 🙂

  76. Hello this is somewhat of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML.
    I’m starting a blog soon but have no coding know-how so I wanted to get advice from someone with
    experience. Any help would be enormously appreciated!

  77. I was suggested this blog by my cousin. I’m now not certain whether this post is written by means of him as no one else understand such precise about my problem.
    You are incredible! Thank you!

  78. Do you mind if I quote a few of your articles as long as I provide credit
    and sources back to your website? My website is in the very same area of interest as yours and
    my visitors would truly benefit from a lot
    of the information you provide here. Please let me know if this alright with you.
    Thanks!

  79. Hey there! Quick question that’s entirely off topic. Do you know how to make your site mobile friendly?

    My site looks weird when viewing from my iphone4.
    I’m trying to find a template or plugin that might be able to correct this issue.
    If you have any suggestions, please share. Thanks!

Leave a Reply

Your email address will not be published.