The Secrets of Crypto Trading [Trade like a Crypto Monk - Part 1]

Credits: Pixabay

In this series of articles I want to bring you some of the crypto trading secrets that will help you to trade like a monk!
Before we jump into this topic, I want to tell you, that even though I think, that your state of mind is the most important factor in crypto trading, you should also know some basics about technical analysis and patterns. To follow the TAO and waves of change, it´s good to know, how these waves behave.
You will find lots of TA resources here anyway, so I won´t go into much more detail about this.
The other thing you should always consider is the DYOR rule - Do your own research always!
Even if you find pre-chewed food and bites everywhere, that want to sell you their reasons why coin XYZ is "the next ____ killer!!!", the only research you should trust is your own. We´ll come to the why later...

So that being said, here are the first steps of becoming a Crypto Monk (in a series of imaginary steps that I make up while we move along....;))

1. Finding your Zero Point

Before you can follow the TAO of Crypto, you have to find your own zero point - the point of stillness inside.
There are huge emotions going on in the crypto world: FOMO and FUD are just two of the guys you will inevitable meet and that you have to master. Another very fiery one is our friends PANIC (selling) aka "weak hands".
So to keep your hands from shaking and throwing your hard earned crypto riches into the throat of the next whale that swims along, you have to learn the art of centering yourself.
There are many ways to do so - a meditation practice or conscious breathing, just watching your breath without interfering, work well for starters. Even becoming aware of the fact that you are breathing and being alive is already a huge step! We seem to forget this, when being overwhelmed by emotions and stress. So always remember to breathe, whatever you are doing in Crypto and especially before you´re doing any trade. It´s good to be alive when trading ;)

2. Know your enemies

As I said above, it´s good to know the emotions you will meet on your way. Rest assured, that you are not the first and not the only one, who is experiencing them! In fact, they don´t belong to you at all.
FOMO, FUD and PANIC are emotions of the Crypto collective and are not personal.
They are only here to help you and signposts of where the collective is at.
To know that these are not your personal shortcomings, can help you feel much more secure in what you are doing.

3. Don´t try to make these emotions/thoughts go away!

I want to share with you two sentences that have real deep wisdom in them, when understood correctly.
The first is "What you resist persists!".
Think of it like pushing against a wall and the harder you push, the more you get the impression, that the wall is pushing against you. Of course it is obvious in this example, that the wall is not pushing at all and you are the only one doing the work - but it´s the same with emotions and thoughts. They don´t sit together in some secret meeting to conspire how to make your life a living hell. No, they actually don´t do anything at all and that´s also how you should behave towards them. Be indifferent. Do not push. Do not try to make them go away.
The second piece of wisdom I want to share with you is this: "What you are feeling, you are healing!"
That means, that the act of feeling (FOMO, FUD, PANIC etc) is already the healing. You don´t have to do anything more and just remember, that the moment you feel these emotions, your are already healing them out of the collective field. Good job!

These are the first 3 steps on your path to become a Crypto Monk.
Well done!
I hope to see you soon in Part 2 of this series, where we will meet new friends and helpers on our way (and I´m not speaking of bots.... although... maybe I am ;))

Blessings,
Atmos (The Crypto Monk ;))