How I turned 5000 to 1 million dollars by trading Crypto
Looking at things right now, things are going great and my current stress levels on dips, corrections etc. are hardly noticeable. It’s interesting how, once you start earning so much money that you never need to think about how you’ll pay for a new car, a trip or even an apartment, the changes in your net worth start looking insignificant. I can earn 100k, or lose 100k in an incredibly short time, and I won’t even stop to consider what an insane amount of money that is.
That might seem ungrateful, and it might be a bit, but every once in a while I try to reflect on where I am and I feel nothing but gratitude for all the people that helped me achieve all this. I mean, this might sound like just another rich guy rambling on, but it wasn’t always like this for me. It wasn’t like this at all.
When I started getting into crypto, I was still in college and living with my parents. Crypto wasn’t nearly as big a deal back then as it is now, and it was mostly full of tech-savvy geeks and a handful of reckless speculators.
I decided that I should be one of those reckless speculators and I wanted to get rich fast. So whenever something started pumping, I chased it. I didn’t have a clue about TA, and as you might expect, I started losing money. But the thing is, I can be a very stubborn person, and that’s one of the situations where that didn’t work out in my favor.
I came close to giving up, but decided that I’m going to keep trying no matter what. So, I finally started learning. I went through a lot of books on TA, watched videos and browsed Twitter. Over time, I started getting a feeling for how I should trade.
That’s when I finally started being profitable. That wasn’t consistent at first, but my winning days became more and more frequent. And I also started trading less, not more. My problem was that I used to force trades no matter what the market was doing. I got way better when I learned how to simply sit back and wait until the market gives me an opportunity to enter a trade.
The indicators I started using were pretty basic — just the RSI, OBV and moving averages. Rather than trying to use every indicator out there, I stuck to a few and decided to get really good at them. I also traded patterns, but I was much better at waiting for confirmations and retests than I was at the beginning.
Overall, it all seems so simple. It’s not that I discovered some magic formula that made me profitable, but rather that I realized that there isn’t any such formula. When you stop looking for that one magic indicator or one perfect setup and start working on basic setups with decent probabilities, that’s when you can start to grow as a trader. Master the basics and the rest will eventually fall into place.
Those are the things I learned in terms of TA, and when it comes to FA, I also started researching more lowcap gems, getting into token sales etc. The main things to look out for there are pretty straightforward: look for a token with a public team, check out their development, use cases, tokenomics and potential competitors. Never throw money into just any coin that you see on Twitter, but make sure you know exactly why you’re buying it.
Now, I’m glad that I have the opportunity to share these experiences with you, and I hope that I can help as many people as possible to improve and achieve financial freedom. It’s a liberating thing, and I hope to be able to give back as much as I can to the community. We’re all in this together, and if we play our cards right, we can make life-changing money in this bull run.
