How We Learn To Trade Crypto

The Path Almost Everyone Takes · It Is Not What You Think · The One Thing You Skipped

To illustrate why most traders fail, and to prepare YOU for SUCCESS in your trading, I paraphrase a fantastic Personal Training Course from the 1980’s by Peter Lowe…

…adapted here to provide new traders perspective on the level of preparation required to become a confident and profitable trader.

It is very likely that most of us have lost money trading cryptos because of the way we learned our trading skills…

If you are like I was when I first started out, you set out to learn about trading from books, video tutorials, online forums and social media personalities with large followings… then Almost everyone learns to trade crypto the same way. And it ends the same way too.

Here is the path. You read a few articles, watch some tutorials, follow big accounts, and scroll the forums.

Then you move money into an exchange and feel ready to spot patterns and place trades. You tell yourself, “Don’t worry if I take a loss — it’s only my first trade, what do you expect?”

You put on a few positions. A couple start well. Then one turns into a big loss.

Now fear of losing sets in, and you freeze. You do not know what to do next.

So what went wrong? It is probably not what you think.

It is not that you do not know chart patterns — you have studied plenty of them. And it is not that you are not paying attention — you check the market on your phone day and night.

The real problem is simpler and bigger. You never had a specific plan, decided in advance, for exactly what to do in each situation a trade can throw at you.

This is why the numbers are so brutal. Common figures suggest about 80% of new traders lose money and quit within a couple of years.

The good news? This is fixable, and the rest of Part 2 fixes it. Next, an analogy that makes the whole problem obvious.

Next: Learning to Fly a Plane

Trade safe, and keep those losses small. Cheers.