Best Cryptocurrency Newsletter In The World
Dear Cryptocurrency Traders,
Oftentimes, you see many crypto traders showing screenshots of a 200% win from a trade, and you feel like these guys are killing it.
Lols, that’s single trade. They could be losing heavily on other trades:)
I used to feel this way too.
Well, do you know that more than 70% of retail traders are not profitable? Yes, they are not. So be calming down when you see screenshots.
After all, humans don’t like to share bad trades.
It is not like they lack good trading skills, but they are too greedy, and the market has a way of messing with traders' minds.
The day that you aim to double your crypto trading capital within 30 days is the moment that you set yourself up for big failure.
Cryptocurrency trading is a MARATHON, not a sprint. Write this on your wall now.
Not a Sprint
I have seen so many newbies make this mistake, and I don’t want you to be the next victim.
Most expert traders that I have worked with have one thing in common; they have realistic targets and always avoid high leverage in the futures market.
Do you see?
Nothing is wrong with having a 5% monthly profit target on a $1,000 portfolio. So the idea that your capital is too small is not an excuse to trade like gamblers.
If you can hit the 20% target per month, this is also incredible!
But never try to 2x your capital in 30 days, you will likely lose more money to smart traders.
You will be tempted to use 20x leverage and everything that you have built will begin to crumble right there before you.
Because you are greedy, the market doesn’t care about your emotions.
You need to lose money so others can make a profit off your greediness and lack of trading plan.
Here is my advice for you, start with a low monthly target, if you achieve it, you are going to be happy, this kind of happiness makes it easy to stay motivated.
When you hit the 5% monthly target back-to-back for 5 months, increase it to 10% and after another 5 months, increase it to 15%.
If you have a trading journal that shows how incredible you are. Getting a full-time job to trade for a big organization becomes easy.
Big companies are not looking for 100% annual profit, they want a trader that can make a minimum of 5% per month without blowing the trading capital that is assigned to you.
Have a look at this; 5% monthly profit is 60% annual profit, right?
60% of 10,000,000 is #6m per annum, yeah?
Pull out financial records of big companies in the world, only about 2% can hit the 60% annual profit target in a year.
So. Why do you want to kill yourself?
Aiming to 2x, 3x or 10x your trading capital within a month makes experts look at you like a gambler.
You are not gonna be respected as much because your model is not sustainable in the medium to long term.
Know this, a trader is not the same as an investor.
If it is that easy. Aliko Dangote (the richest black man on earth) would have increased his net worth to $100bn between 1977 to 2022.
He was worth $2.1 in 2010 and is now worth $12.7bn in 2022. Got it? After 12 years in business.
What did you notice?
He’s growing his wealth steadily and consistently, and Dangote is not looking for a quick fix.
If you are earning 5% of #5m per month, poverty will be far away from you.
When you grow to a point of making 10% of #5m per month.
You will be earning more than top bankers in Nigeria.
If you can prove that you are profitable over 2–3 years, more investors will throw millions of Naira at you after reviewing your trading history.
In fact, some wealthy people will not mind earning 25% profit per annum, they will be excited.
I am sharing this with you from my personal experience, absorb this information and you will experience inner peace within yourself.
I am going to leave you with this👇
Crypto trading is a MARATHON, not a sprint.
If this message is useful to you, let me know, and I will be happy to have a deeper conversation with you. This is the best cryptocurrency newsletter in the world because it speaks directly to your heart.
Share this message with your friends now.
Have a super fantastic day!
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About the Author
Ojeniyi Ayobami Abimbola has been trading cryptocurrency since 2015, and he is a blockchain content creator and a crypto coach at Cryptoniche. You can connect with him on: https://t.me/cryptoniche_hangout
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