Here is my first month fully locked in the trenches. I lost money but gained valuable insights that can help anyone planning to start. A thread of what I learned :

1. Don't overtrade and don't let FOMO get to you. I lost on a lot of trades for this reason alone.

2. If you're on a losing streak, pause for a while. Go touch grass, get off the screen, then come back later. If you don't, you'll try to get that money back at all costs, which will only make you lose even more.

3. You don't need to trade every day. If you're not convinced, don't put your money in. I paper traded most days some trades worked, some didn't. It's part of the game.

4. Before entering a trade, check: narrative, if the community is active, if bundles are out, global fees paid, and how much supply the top holders have.

5. I started watching Twitch streams from more advanced traders. Don't compare yourself to them, they have more money and experience.