I constantly try to improve my crypto trading performance. I gather knowledge and fine-tune my strategies. Additionally, I work on my platform, Crypto OS, which has the superior goal of making crypto trading more accessible and successful (not only for me but for everyone who’s getting started with crypto trading).
Looking back at my crypto trading journey, I can identify a couple of “hacks.”
Some of them came unintentionally. And there are others where I can say I implemented them purposely.
However, all of them have one thing in common: Each of them elevated my crypto trading performance to an entirely new level.
That’s why I thought it was worth sharing them to help others reach these levels faster.
So, let’s dive in!
6 Hacks that Helped Me To Boost My Crypto Trading Performance
1 – Take responsibility
This has been an absolute game-changer for me.
It’s like rule #1: Stop relying on the influencers, alpha calls, etc.
Crypto trading is about creating repeatable trading systems you can rely on.
The first step: Take responsibility for your decisions and stop “outsourcing” the responsibility to other people.
2 – Put in the work
Trading success doesn’t come overnight.
You don’t win accidentally.
Forget about the stories where someone got rich because they invested $10 into a token that has 10,000-xed.
This is not trading.
Trading requires work.
It requires building knowledge, creating strategies, and establishing systems.
Crypto trading is a marathon. You keep exercising and evolve step-by-step.
3 – Start small
Here’s an important rule I wish I had known earlier: Start small.
This accounts for basically everything. Here are a few examples:
- Start with a small investment (or even paper trading)
- Don’t use leverage
- Trade $BTC or $ETH
- Stay away from high-volatile markets
- etc.
In other words, Reduce the complexity as much as possible.
Naturally, crypto markets are highly volatile and complex. Therefore, it is a good idea to take the easiest path initially.
4 – Automate solutions
It’s one of my mantras and the reason why I built Crypto OS.
Crypto trading contains many tasks that are time-consuming but actually don’t need your attention. Automate them.
Automate whatever is possible.
That will give you the time to focus on the essential tasks: gathering knowledge and creating solid trading systems.
5 – Keep your trading system simple
Your trading strategy doesn’t need 10 indicators.
You don’t need expensive tools.
You don’t need the most expensive TradingView tier to check the 1-minute chart.
Keep it simple.
2-3 indicators. Daily chart. Some small add-ons. That’s all you need to get started (and actually to create a sustainable crypto trading system)
6 – Set Goals and Create a Plan
Don’t start crypto trading without goals and plans.
Define your desired outcome and break it down into necessary tasks.
Then, work relentlessly to execute the tasks.
Here’s a complete blog post about crypto trading goals and how to reach them: Why You Don’t Hit Your Crypto Trading Goals!
Want to improve your Crypto Trading Performance?
If you want to improve your crypto trading performance or get started with crypto trading, you can check out Crypto OS.
It’s the platform I’ve developed based on all the mistakes I made.
It contains data-driven trade signals, backtest data, AI forecasts, trading bots, and so much more. Try it for free!
