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Don't remind me again today

If you are reading this article, you are likely to continue being a losing Crypto Assets trader... If



> Before that, let me tell you something: I have been trading Crypto Assets for 6 years, and I will tell you about some very serious mistakes you might make, as I have executed thousands of trades in my lifetime, trading two to three times a day.

> The first mistake in trading is thinking in $$ instead of thinking in %.

There is simple mathematics behind growth and compound interest.
If you can earn 2.3% on your trading capital every day for 30 days, you will double your funds by the end of the month.

What people don't understand is that when they want to quickly double their funds, they think about how much extra $$$ will be in my pocket.

Think like a fund manager: you have millions of dollars and you must provide investors with a realistic achievable return. Earning 2%-3% daily in Crypto Assets is easy, but when you factor in greed and fear, things get complicated.

Let me tell you another math magic:

If every transaction could earn 8%, after the 30th transaction, your capital would become 10 times the initial capital. Imagine that. Just 8%. So, why are you still pursuing a 100% return on a single transaction?

Believe me, I have experienced 100% or 50% traps multiple times in a single transaction, and that is why I'm telling you this here.

> The second mistake is the most important: never invest/trade in Crypto Assets with borrowed money. Trust me, this will never end well. Using someone else's money, you will feel good when you profit, and everything seems reasonable.
But when small losses occur, both individuals and the market seem to start becoming irrational.

The person you borrowed money from will lose their mind because that is money they earned through hard work. As a trader, you have no choice but to blame the market.

The fact is that you can only make money when you have a healthy mental state. When you are with the thoughts of others, the pressure becomes difficult to control.

> The third mistake is thinking that your coin is different. Your transactions are different. This time is different.

Have you ever thought about it? You bought a coin, and then it enters a sideways consolidation, making you dependent on it, because now your time is also invested in this trade.

Or have you ever invested in a certain coin with dollar-cost averaging for many days/weeks/months, only to find yourself unable to exit when the price trend shows signs of weakness or peak formation?

The only reason is that even if you think you will exit, you can't, because you have, to some extent, already invested your mental energy, time value, or money. Having an exit plan and executing it are two different things.

If you find these learning materials helpful, please share this post, comment some positive content, and follow @asifeth for more information.
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