If you lose three trades in a row, don’t immediately increase your position size to recover the money. This is commonly called revenge trading and can quickly destroy an account.

Instead, accept the loss, step away, and review whether your strategy actually produced a valid setup.

A simple approach for beginners

A reasonable learning framework could be:

Market direction → Support/resistance → Confirmation → Entry → Stop-loss → Take-profit → Journal

For example, identify the trend on the daily chart, locate important support/resistance on the 4-hour chart, wait for confirmation, calculate your position size based on your stop-loss, enter the trade, and then leave the trade according to your predetermined rules.

Most importantly, don’t start with leverage or futures trading just because the potential profits look attractive. Leverage magnifies losses as well as gains, and liquidation can happen quickly in volatile crypto markets.

Before risking real money, backtest your strategy and consider paper trading. The goal should initially be to develop a repeatable process rather than trying to turn a small account into a huge one quickly.