Burning 1.4 million dollars in 3 months! | Doğukan Men | Trader's Diary

The closely followed program of the crypto currency markets, Trader Günlüğü, returned to the audience after a 6-month break. In the new episode, Doğukan was the guest and shared the current state of the crypto markets, primarily Bitcoin and Ethereum, along with his own trading experiences.

Latest Status of Bitcoin and Ethereum

On the day the program was recorded, the price of Bitcoin was 118,700 dollars. Ethereum was trading in the 3,400 dollar range. Doğukan noted that it would be a matter of curiosity how these levels would be remembered in the coming days.

The Secret of Successful Trading: Fund Management

Doğukan emphasized that one of the points where investors make the most mistakes is fund management:

• It talked about the importance of opening a position with a small percentage of capital.
• He described trades made with high leverage as “gambling”.
• “If the transaction is opened with 2-3% of the capital, long-term success will come,” he said.

He also stated that investors in Turkey are impatient and have a weak habit of using stop loss.

Psychology and Discipline

“As important as discipline is, psychology is even more important,” said Doğukan, noting that remaining calm in trading strategies determines the success rate. He emphasized that he follows Bloomberg and social media in his daily trading routine, but does not reflect the comments on Twitter in his trading decisions.

The Biggest Lesson: Stay Away from Greed

Doğukan stated that he experienced significant losses during the Luna crash in 2022 and that the biggest lesson he learned from that period was “not to succumb to greed”. He made an important warning to investors with the words, “Don’t keep all your money in the market, take it out and turn to physical assets.”

Lost and Gained Large Transactions

• He announced that the largest amount he lost in a single transaction was 150 thousand dollars.
• In 2022, it was stated that a total loss of around 1.4 million dollars was experienced.
• However, he also stated that a transaction he made by taking out a loan in a risky position changed his life.

Where is the Biggest Opportunity? In Meme Coins!

Doğukan, highlighting the opportunities in the Crypto markets, stated that especially meme coins (Pepe, Floki, Doge, Shiba) remain strong thanks to community support. He said, “These coins without VC support are surviving due to the long-term faith of investors.”

Advice for Beginners

He gave the following clear advice to new investors:

• “Buy low, sell high.”
• Do the opposite of what the public says.
• Even the barber steps away from the market when Bitcoin is being talked about.

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This article does not contain investment advice or recommendations. Every investment and trading action carries risk, and readers should conduct their own research when making decisions.