Crypto Day Trading

Hey there fellow reader!

To begin with... I've got interested into a crypto day trading back in 2021 September-November. Basically at the end of the 2021. Most likely like the most of the traders I watched some YouTube scalping strategy videos and decided to try it myself. And yes, I burnt my entire account. It wasn't much, only like 50$, but I realized that it's not that easy as it might look like. Of course, I was using high leverage 20-50x. And after a few tries I quit and a few months came back to crypto trading with the idea of becoming financially independent and I actually really enjoy learning process. Been watching YouTube videos, analyzing market, paper trades etc. I even start to read a book called "Money Psychology". But whenever I put some money into my trading account I keep burning all my cash. Basically I try to learn leverage trading 10-20x, I know some of you might say it's pointless to use leverage, but it's not about that. This whole thread is about something else. I know the reason why I keep losing my money, but I can't cope with that: rage trades, back-to-back revenge trades, the idea of making money ASAP and so on... I believe I'm not alone who keeps losing cash over and over again over trading and I thought... Maybe we have here on Sythe some experienced traders who could share some tips or couch a little bit? Also, would someone be interested to make a Discord server together and do analysis, learn and improve in trading together? I believe that would be easier. Even if I lose my entire account over and over again I keep coming back in a crypto trading, because that's the only thing I'm really curious and passionate about.

If someone wants to chat in private, please add me on Discord: Enj100#2242

 

Honestly I don't want to talk bad about crypto, but if it was volatile/unstable before, then the state it's at now is totally unpredictable (altcoins at least)
It's honestly a high risk investment, even day trading, anything can change very fast

 

cryptocurrencies have always been highly unpredictable. you just need to find the few outliers where their narratives are booming

 

what time frames are u trading and using patterns on?

 

Usually 5min-1hr time frames. Im trying to trade pattern breakouts mainly

 

alright man i use patterns from 15min frames and longer