I Tried Crypto Trading With No Experience

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Disclaimer: The content provided in this video is for informational purposes only and should not be considered as financial advice. The views, information, or opinions expressed during this video are solely those of the individual presenting them and do not necessarily represent those of Lewis Jackson. I make no representation as to the completeness, accuracy, or timeliness of any information discussed in this video. I am not a financial advisor, and any financial actions you undertake should be based on your own research and consultation with a professional financial advisor. I will not be held responsible for any financial losses or gains you may incur as a result of the content provided in this video.
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Video Edited by @TheCreatorHub1

Disclaimer: The content provided in this video is for informational purposes only and should not be considered as financial advice. The views, information, or opinions expressed during this video are solely those of the individual presenting them and do not necessarily represent those of Lewis Jackson. I make no representation as to the completeness, accuracy, or timeliness of any information discussed in this video. I am not a financial advisor, and any financial actions you undertake should be based on your own research and consultation with a professional financial advisor. I will not be held responsible for any financial losses or gains you may incur as a result of the content provided in this video.

When you really get down to it most people are the Buy and Hold type of investor I mean who wants all the effort and the stress of doing something different and that’s fine until you realize there are insane amounts of money that you can make in the short

Term by day trading so I’m going to give it a go $1,000 dedicated to trading will I make a load of money or am I just going to lose it all last year I was in Dubai and I was talking to someone who has heavily invested in crypto and I

Asked him as you do what is your favorite crypto his answer to my question changed something in me he said whatever makes me the most money he then proceeded to show me his phone and he said when this trade hits its takeprofit I’m buying a

Range Rover and I kind of looked at it I thought oh that’s really cool but dismissed it as some sort of like pipe dream but the next day the very next day he messaged me to tell me that he just bought the Range Rover so here I am a

Person who buys and holds two or three cryptos and holds to wait for them to go up in value meanwhile I’ve been missing out on life-changing money and I almost didn’t want to admit that to myself but you know I buy and hold for a reason I

Don’t really like losing and plus I I hear about day Traders losing all their money all the time and the odds are not in my favor considering I have no idea what I’m doing and the hardest part of trading is the learning right so how am I going to overcome that with everything

Else I have going on and I’d love to tell you that I found a mentor and someone to talk me through all the lessons that I could learn but I didn’t my mentor was me and my mentor knew nothing so I thought I’d just get started I logged into my bitet account

And decided on a strategy and might I remind you I’ve pulled this strategy out of my butt I don’t know what I’m doing here I decided I was going to use trend lines trend lines are very visible lines that you can draw on a chart like this

This is a resistance line showing a point that the price couldn’t push up from and this is a support line showing a point where the price is struggling to go down from when you have a resistance line and a support line the price tends to fluctuate in between them and where

There are fluctuations there are opportunities to enter trades you can either bet that the price is going to go up and this is called a long or you can bet that the price is going to come down and that’s called a short so I took this basic information and applied it to a

Strategy that I created that strategy was choose the worst performing asset on bitg on that exchange at that given time and basically bet that the price is going to go up on that asset from now on so I basically took a gamble deciding that an asset probably wouldn’t go down

Anymore and you won’t believe what happened I came back an hour later I looked at the screen and it read $1,391 in profit I could not believe that that just happened so I closed the trade immediately and just there $1,000 into $2,391 in a matter of minutes I’ve

Decided I completed trading I’ve done it and I decided you know what I’m going to do that same thing over and over again because it’s a winning formula and I can’t lose I’ve not completed trading and sometimes even when the trade was like $11,000 up for some reason I decided to

Hold on and literally a few minutes later all of those profits have gone before I then close the trade at to loss obviously this is why professionals are professionals and I really am just some guy on the internet and I was taking loss after loss after loss and right as

The losses were feeling just a bit too much to handle I was thinking to myself why did I do this I don’t know what I’m doing I’ve completely embarrassed myself and I don’t even think I want to publish this video in the end anyway so I

Decided I’m going to make my final trade I set the trade and I walked away I came back to my account and looking through the gaps in my fingers I saw that my trade was over $3,000 in profit and the profits were right there to be taken and

I had definitely learned my lesson from before I’m not just going to wait on this and see if it goes higher I’m taking the profits right now and that’s exactly what I did and I knew now that losses will happen but wins will happen too so even though four of the next

Seven trades were losses two of them were actually more big wins and that gave me another $3,000 in profit and when I think back to the highs and the lows of the last week it reminds me of the old Lewis someone who is blind to the idea of making more money while we

Wait for the main holding Investments to go up in value and that’s the same me that would not have turned $1,000 into $88,000 in a couple of days and the two lessons I can kind of withdraw from all of this is expectation and opportunism you have to expect to lose the majority

Of the trades but you also have to take advantage of the opportunity to take profits for for me it’s never turned out well when I hold on for too long I’m quick to leave a trade to the downside and I’m also quick to take profits that’s been the formula that’s worked

For me so far I’ve made $8,000 with the very basic information that you would need to trade and I admit I have been extremely lucky and not everyone else is going to have the same results but you know what I’m going to keep going I even have a trade open

Right now that could very well take me over the $10,000 Mark and it’s only been five or six days remember I don’t know what I’m doing and I’m getting very lucky subscribe if you want to follow that Journey a little bit more bye