My Journey to Trading. Taking Small but Steady Steps

I've been into crypto since 2017. I started cautiously, learning and experimenting.

Back then, all I did was buy small bits of crypto whenever I had a few dollars to spare (mostly it was about my hard earned money I earned while using decentralized social media like hive).

The money I used to buy crypto was not so much, Just enough to allow me to explore platforms and, in my way, support projects I believed in.

I was learning, exploring, discovering.

Over the years, I felt too insecure to dive into the world of trading and finance. Instead, I focused on understanding the technology, experimenting with dApps, and even took university courses to deepen my knowledge. Looking back, I don’t regret it at all! It gave me a strong foundation and an appreciation for the ecosystem.

Recently, I decided it was time to expand my horizons and start studying trading. Inspired by the old Greek proverb, “Μάθε δουλειά κι άστηνε κι αν πεινάσεις πιάστηνε” (another string to your bow, you never know when a skill might come in handy), I realized that learning to trade is actually a natural evolution of what I already do.

I’m still early in this learning journey, but I want to share a few lessons I’ve picked up so far:

1️⃣ There’s no secret recipe for big wins.
The internet is flooded with “gurus” selling courses and promising guaranteed success. I would recommend to not fall for it. Trading success depends on countless factors aligning perfectly. What works for one person in a specific moment might not work for another.

2️⃣ It’s not just about technical analysis.
Maybe it works for some, but so far, from what I have learned, this is not enough. Relying solely on candles, indicators, and overly marked-up charts can lead to contradicting decisions—and eventually losses. You need a broader perspective: general news, market sentiment, and project-specific updates play a significant role. Conclusion: Start studying!!!

3️⃣ Start with a demo account, not real money.
Practice with a demo account first to understand the mechanics of trading without risking your funds. Personally, I’m not ready to trade with real money yet—if you have advice or experiences and wish to suggest platforms with trading demo accounts, I’d love to hear them!

4️⃣ Learn the risk-reward ratio.
Understanding and applying the risk-reward ratio is crucial. It’s a fundamental principle that can help you manage your trades more effectively.

5️⃣ Define your trading style and stay consistent.
Decide what kind of trader you want to be (e.g., day trader, swing trader, etc.) - even what you want to trade. Crypto, stocks and so on. Then stick to it. Keeping a trading journal to record your strategies, decisions, and outcomes can help you learn and improve over time.

Trading is a skill that takes time and lots of practice to develop. It’s not a get-rich-quick scheme, but a discipline that requires patience, consistency, and introspection. Always ask yourself why you’re trading—and having a backup plan doesn’t hurt either.

If you’re an experienced trader or just starting out, I’d love to hear your thoughts and tips.

p.s. image created with Bing

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