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⚠️Warning⚠️ : If you're in financial hardship...Trading Crypto is NOT for you! ⠀⠀⠀ And here’s why…👇 ⠀⠀⠀ The number 1 question we get asked… ⠀⠀⠀ How much $$$ do I need to have to get started? ⠀⠀⠀ And while technically you can get started with any amount… ⠀⠀⠀ There’s one really important thing to understand… ⠀⠀⠀ This is something that does take money to make money. ⠀⠀⠀ But it's a very specific type of money. ⠀⠀⠀ It’s money that you can risk in your trading WITHOUT being emotionally tied to it. ⠀⠀⠀ Here’s what I mean… ⠀⠀⠀ Lets say “John” deposits $5k into his trading account to learn this skillset with. ⠀⠀⠀ But that was ALL the money that John had in his savings. ⠀⠀⠀ And he’s got rent, bills, and bidenomics due at the end of the month. ⠀⠀⠀ John is going to face SERIOUS emotional attachment to his risk capital! ⠀⠀⠀ We’ve seen how this plays out time and time again, and there’s only two directions. ⠀⠀⠀ 1) Poor risk management. This means John is using way too big of position sizes to hit big big gains on one single trade. Which can easily wipe out his entire account in 3-4 losses. ⠀⠀⠀ 2) Overtrading. This is where John can’t stop pressing the trade button because he’s sooo emotionally attached to an outcome. ⠀⠀⠀ But let's take “Bill” for example who deposited the same $5k into his trading account. ⠀⠀⠀ Bill is NOT emotionally attached to the risk capital because he has a good job and investments that cover all of his living expenses without stress. ⠀⠀⠀ Which allows him to be patient, use proper risk management, and follow the process step by step by step. ⠀⠀⠀ Make sense? ⠀⠀⠀ Just to be candid and honest with everyone here, If you’re in serious financial hardship, crypto is not the place for you to solve that problem.
New comment 19d ago
Welcome to the Group! Here's How It Works! Start here! 👇🏻
Welcome to the Crypto Renegades Group! This group was built for you, by people like you, and is alive every day with your kind of people with the common goal of creating life changing wealth using this trillion dollar financial revolution of crypto... Here's an overview of the group and how it works : 1. Community - Where you can ask questions and browse content 2. Classroom - Courses and Educational Content 3. Calendar - Get access to community events with the simple calendar If you run into any questions at all, don't hesitate to ask!
New comment 4d ago
Taking the Temperatures of "Newbies"
So how long have you been a member? How are you doing? What are you struggles? let me know if I can help?
New comment 3h ago
Much success to us all!!!!
Hello, I am happy to be here in group, its time to make a Hugh Change in my Life!!!! I am tired of being sick and tired. So, I am taking this leap, to change my life. Maybe for once I will do something for me!! Then I can be in a position to help others, but lets start with me first. Much success to us all!!!!
Hey Everyone, thrilled to be here and time to start moving up in the world….again…🤪
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