Trading Crypto is NOT as easy as you thought? Why?

Well, first of all everything looks awesome and easy during a Bull Market. This because BTC goes up so the USD value of your portfolio goes up as well. In this awesome situation, you can trade BTC pairs without worrying too much about losing real money and this lowers STRESS a lot.

Keep in mind one super important thing

If you are trading in BTC markets (ex. ADABTC, TRXBTC, MCOBTC and so on... pretty much any ALTCOIN/BTC pair) you are automatically doing so to gain more BTC. (Then, of course, if BTC value goes up in USD, your portfolio will increase also in USD value also as a consequence but you are NOT directly trading ALTCOIN/BTC to make more USD, otherwise it would be like saying "I'm trading EUR/USD to make more CAD", it doesn't make sense).

Myself, being a Trader though, I have to consider checking up on my USD value because that's how I pay my bills and buy my food nowadays. So it is of course important to know how much you are winning/losing when it comes to FIAT (EUR, USD, CAD) in my opinion.

So what I do?

• Well, first of all, I always keep a portion of my portfolio in stable coins (USDT, TUSD, USDC and so on), this amount during Bear Market can go from 50% to 90% of my portfolio. I know that money will be there and won't change in price so I have no stress over it. Then, I buy a certain amount of BTC when I think market conditions are great. BTC must either go sideways or up (these are the conditions I need right now in order to start a trade). I can hold these BTC as a LONG-term investment if I want to or I can place a STOP in case it drops or just keep trading ALTCOINs with it. This is something you have to figure out depending your final GOALS.

• Then there are different strategies everyone needs to follow. You don't have to follow one single strategy but you can use more. First of all, I think you have to ask yourself what you are trading for. To get more BTC? To gain more USD? Maybe both?

• After you answered this questions, you have to figure out your trading plan and possibly the lenght of your trades (and the timeframe you really want to trade on). Are you a Scalp trader? You look for 1%, 2% trades? Maybe you are Short-Term trader who wants to get in and get out the market dailytrading it. Or maybe you are a Long-Term investor and Hodler? Every single strategy will have different approaches. You will have to move your money back and forth based on what your final GOAL is.

The most important thing you have to ask yourself is always: What are you trading for???

BTC or FIAT??? Short-term or Long-term??? This is super important because it will guide your trades and you will become more successful cause you know what you want!!! If you want to GAIN MORE BTC, you keep trading ALT/BTC pairs and accumulate as many BTC as possible because you probably see BTC intrinsic value go up in the future (but you cannot complain if your portfolio drops drastically in USD value while you do so...); On the other hand, if you want to GAIN MORE USD, you have to trade USD pairs (BTCUSD, ETHUSD, XLMUSDT, LINKUSDT and all pairs that you can trade in USD/USDT market) because your main focus (goal) is to make more money.

You have to understand if you are speculating the market volatility to gain more MONEY 💵 or you are here to invest in a Technology that will change the world in the upcoming years? BTC 🚀

Some traders might analyse ALTCOINS/BTC charts, make their trades and then sell profit in USD/USDT. Ok, that's something you can do but your profit % in BTC is not going to be the same as the one you made in USD. You need to be careful when you use RISK MANAGEMENT for this because numbers change a lot. I've shown you before the difference between an ALTCOIN in BTC vs an ALTCOIN in USD. The percentage price difference is totally different. This because you are trading 2 different markets.

For further any queries
Ask @luckys

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