You’re Not a Crypto Trader. You’re an Addict.
Take a look at your profit and loss right now. What does it show?
Whilst you’re there, take a glance at your crypto portfolio. What does it show?
Does it reflect a successful, professional trader? Or does it represent the opposite?
Where are all of your buys placed? Take a look at your entries from when you started. Are they a horrendous mess? Or do they show a calculated, precision-like trader?
How long have you been working in this field? What do you have to show for it?
The solution to your problems begins with a simple, truthful reflection. Once you embrace this, you’ll feel a sense of relief and empowerment. You can believe whatever you want, but if you do not have an overall profit to show or a profitable portfolio, you’re not yet a successful trader.
We often hide away from our problems because our ego cannot stomach the thought of the reality that we’re not yet who we want to be, so we mask it and continue repeating the same damaging patterns until we self-destruct.
You must be honest with yourself; otherwise, you will never grow and you will never achieve success. That’s the truth. I could lie to you and tell you it’s all okay and you’re doing perfectly fine, but you’re probably not, and your results, which you keep ignoring, are telling you the same thing.
I had a big wake-up call one day. I had winning trades, some of them very big, yet I wasn’t actually profitable. In many cases, I was up significant sums of money, yet by the end of the crypto bull run, I was left with little to show for my efforts. It wasn’t until I looked at my crypto portfolio and went onto my crypto exchange that I realised why I was enjoying short-term thrills and suffering long-term pains.
I was buying anything, anywhere, at any given price, for the thrill of being in the market. I would impulsively buy without calculation, desperately hoping this one was the big winner. In some cases, I would hit the jackpot and capture a runner, only to not take any profit and suffer a loss regardless. I know you do this too. I bet many of you still do this.
This is an unfortunate reality for many crypto traders. They participate for the thrill and remain trapped on the conveyor belt of failure for eternity. They do not realise their mistakes and the consequences of their actions until it’s far too late. By the time they’ve realised how awful their crypto entries are, the price has already crashed, and their entries are no longer in close reach of recovery.
Sound familiar? It should do, because we’ve all done it. I’m just honest enough to admit it. You’re not alone in this struggle.
There’s a big misconception, primarily due to social media influence, that you must try to be within the market 24/7 and chase every trend in the desperate hopes you’ll capture the goliath running altcoin or memecoin that every trader on social media has seemingly captured and always seems to capture. The truth is, they’re probably crypto insiders and KOLs; they’re not regular traders with a unique and hidden crypto strategy and edge; they’re crypto scammers masked as average Joes.
Want to stop losing so many trades?
It’s easy. Stop taking so many trades. You’re gambling, not trading. Stop it, you crypto addict.
When you detach from the ideology that every day is a trading day, or that every BTC pump, altcoin pump, memecoin pump, is a key to riches, you will suddenly notice your losses drastically reducing. It’s not the market, it’s you. You’re literally sabotaging yourself. Please stop it.
Successful cryptocurrency traders and investors are not operating as you’re taught to believe they should be. It’s not like the movies where you have one hundred monitors and data feeds connected to your skull. It’s calm, collective, calculated, precise, and, most importantly, patient and boring.
You can outperform 99% of crypto traders by simply taking fewer trades. By becoming more selective with your entries, you can achieve a profit of over 90% on an altcoin, while the majority of so-called traders are still holding positions that are 90% down from their horrendous buys. That’s precisely what we do here at Innovation Markets. Even during bear markets, we remain profitable because we buy at such low prices. That’s something most people forget. Buy low and sell high is an easy concept in theory; you know how to do it, yet you never do, because your emotions and inability to control yourself ruin everything. This is how simple it actually is to become a profitable crypto trader and succeed.
It’s not hard; you make the process hard for yourself. Patience is one of the most complex skills and strategies to master in this market, which makes it the most successful trading strategy you will ever find once mastered. You’re programmed to chase quick riches and instant gratification; you want whatever’s the fastest and easiest. But this never works. If it did, we would all be successful. There’s a reason so few ever become successful in trading: it’s because they have mastered this simple concept, understanding and controlling themselves.
By the time the person who takes a handful of trades is approaching their next calculated buy, the person who has taken one hundred trades is down to their last penny, chasing the next over-leveraged crypto or memecoin play to recoup their losses.
This doesn’t have to be your life anymore. It stops the moment you’re ready to take things seriously and finally make a change in your life. Remember, change is always within your control.