Female Crypto Trader: How to Build a Winning Trade as a Woman

Female crypto traders have taken good lead in the crypto trading community . Many women are now getting into the crypto trading platform to achieve their financial freedom. Also to work on their own terms while being a stay home mom or working woman. Crypto trading with the right strategy and mindset is a blessing for every female crypto trader. 

 Once the male dominated field has become the platform where women are leading with profits and strategies. 

In this article I’ll write about the right way to start a crypto trading journey as a woman. And this article will help all the new and current trading persons to fix their errors and become a real profitable trader out there. So let’s get started.

Qualities of Women that are naturally helpful in crypto trading

I’m not going to shout here that women are the naturally great trades out there. However I’ll try to provide logic based positive info. Which are observed and logically can become tools for becoming profitable traders.

Impulse vs Emotional discipline:

Female crypto traders are not impulsive. In crypto trading or any kind of trading emotional discipline is important. It has somehow become the number one criteria to become a profitable crypto trader. In crypto, people get punished to become impulsive. And this punishment is financial punishment. Which brings negative balance in the portfolio. And emotional discipline is a skill which women possess naturally. For instance, over trading, chasing each candle , exit or entry into trade without a calm balanced mind etc. 

The instinct of women allows them to pause for a moment before jumping any trade. Which are textbook requirements in crypto. Many traders sell their position when they see a few red candles in panic. Whereas profitable traders keep their emotional bias in control and stay with the strategies and planning, which they did before entering that position.

Patience is the key in trading. Women tend to be more patient than men. Sitting for hours and thinking and finding the right position before entering trade is part of patience and emotional discipline.

I think these few habits are the reason for women to become 50% of the total population in the crypto trading community. And by nurturing and training those skills women can utilize those superpower to execute profitable trade.

Risk Tolerance Vs Risk Avoidance

There is a misconception about female crypto trader that women tend to avoid risk. This is not the case. What we call them risk avoidance is actually risk tolerance calculation. And these are very crucial skills to have in crypto trading as women or anyone. Taking a step back to think and analyze for hours before entering a trade doesn’t mean someone is avoiding risk. This risk tolerance and calculation is essential skills to have. So ill advise all women to nurture this instinctive quality perfectly. And everyone to develop this skillset to become a profitable female crypto trader. 

Disciplined trading vs Overtrading 

In many surveys and studies it has been found that men usually trade in between 30-40% more than female crypto trader per head trade. Which means they tend to do more overtrading than women. What we all miss is that overtrading eventually eats up all the profits. Either as fees, or over leverage liquidation or slippage. Discipline traders don’t overtrade. They always wait for the right structure and opportunity to arise and execute them . Over trading leaders to emotional vulnerability in trading. Due to emotional vulnerability many traders make bad decisions in trading which eventually take a toll on the profit and portfolio. 

How To Get Started

I have already written a full article specifically for women about this topic. I’ll suggest you all to read that one in order to get the clear idea and to declutter yourself. However, here I will give you short basic knowledge to become a profitable female crypto trader. 

Ok. So, what do you need to start with right? Let me tell you first, you don’t need a financial degree or PhD to start this journey. Many currently profitable female crypto traders started with $100 or even $300. They had a brokerage account which can be crypto exchange and with absolutely no basic foundation on candlestick patterns or charts. 

There is a story about a female crypto trader I know, let me share with you all. So I know her and she told me her experience. She bought this alt coin at a low price at the bottom and saw that coin pump 90% in a few days. She got excited and did nothing. After a day or two she saw that coin crashed hard and sold in panic which resulted in loss. Then after she came to realize, she asked herself, am I gambling or what. And when she fixed her trading mindset, she was all done. 

Losing is part of the process in trading. Very profitable traders out there, you will be amazed to know that their winning % is lower than you imagine! Yes, sometimes it’s less than 30% or around 30%. And they are profitable and champion traders. 

So at the beginning of the crypto journey if you feel fear of losing. Know that it’s natural and fixable. And knowing when to take profit, knowing when to enter the trade is important. Additionally, plan your position size, entry ,exit. Be disciplined, set up your trading rules. And follow it.

And that is the total 80% work done for your trading journey. 

Understand Spot vs. Futures Before You even Start

Spot trading is that type of trade where you buy an asset which is the actual coin. And then you can store that in your custodial wallet or exchange wallet. Then sell them at a profitable price. Very low risk but low profit involved in this type of trading. Also you can lose money if you aren’t careful while trading. 

Future trade is that you don’t need to buy the actual asset itself , you are borrowing money to trade on future price speculation. Future trading required a lot of skills and practice. Almost every blown up account is due to future trade. Additionally future trade is what crypto traders call trading itself. 

Risk only what you can Afford to loose

In trading, you should risk a certain amount of money on the investment  which you can afford to lose. Because in any business there is always risk involved. If you take your life savings into crypto trading and blow up your account, that will not be pleasant. Start with small and minimum capital. And with the extra money you have. That is a smart thing to do. You can thank me later. 

Try learning Chart Itself

In crypto trading, most of the trading time will be spent on the screen on the chart. What the chart holds is the behavior or language of mass traders and their actions. You don’t need to become a professor here. Just learnt the basics. What is the meaning of the candlestick you are looking at right now? What patterns are you currently watching? Is the price overbought or oversold. How many people are holding your coins? These are a few basics that come with chart reading. 

Create account on good exchanges

Yes let me go straight to the point, you need an account on exchanges. Like I keep my money and portfolio on the exchange wallet, even when I’m not trading, I need to exchange everyday. Now the question is, which exchange do I need to use at the beginning?

My suggestion is, look for basic things that experienced traders look for. It is liquidity itself! The exchanges which have a good amount of liquidity are the safest. Then I can trust them with money when I can see that they aren’t gonna go bankrupt with payments. 

Top exchanges have good liquidity. Liquidity means total money flow or reserve money. For example in your exchange you have a certain amount of dollars. And you want to withdraw them. But if the exchange doesn’t have enough liquidity,your withdrawal might get halted.

That is now what we need or want to experience in the first place. 

Additionally few traders look for lower fees. So, fees eat a lot of money from our pockets and there are a lot of discounts and perks various exchanges provide. And some experienced traders utilize them to their benefits. Some even have multiple exchange accounts for safe trade. 

Like I store my money in a certain exchange which has solid backup liquidity. And then trade on another platform which gives me almost no fee in certain assets to trade. And by saving money from fees my profit amount gets healthier than my other exchanges. 

Overall,it all depends on your preferences and strategies. But liquidity and safety is the thing all traders look for. After all it’s your money what you’re keeping there. 

Don’t underestimate the importance of community as a female crypto trader

I never underestimate the power of a good community , especially female crypto trader friendly. In the beginning when I used to trade alone, I always used to lose money. Even though I did all right and good. But somehow doubt and anxiety used to lead me towards bad decisions. But as i grow as profitable and professional trader, I came to understand that trading with community is a big plus.

Common Mistakes Female Crypto Traders Make (And How to Skip Them)

There are some behavioural patterns which are observed many times for female crypto traders. Amongst those patterns , a few common mistakes I have noticed which can be diverted easily. If you smartly avoid those in the beginning stage , then you will not only have a kickstart but also be far ahead of current good traders. Because i believe, knowing what we don’t know solves 80% problems. 

Many beginner female crypto traders feel initial stress and pressure as problematic. Some even quit trading entirely after their first loss. Triggering stop loss becomes the reason for sleepless nights, panic or even depression. Confidence to get in the next trade feels heavy. The core reason is I feel like I am not focusing on risk management. You should not risk more than 1-3% from your total portfolio in initial tradings. If you jump in with your 60% portfolio,  on your first trade, the result is expected to be devastating. 

You should not be ignoring the risk factor in each trade and also never give up! Many traders I know have a negative portfolio and are at a  huge loss. But in the end they became profitable. Just because they didn’t give up, and kept pushing forward. It might take time but you have to give the time it requires. Some see profits in 1 week, some 1 month or some even after 1 year. 

Another mistake beginners make is, they follow news and social media hype. You will find many crypto gurus on social media who are calling the bottom or top of a coin. And when people buy on fomo then they see their big chunk of portfolio gone. 

You should have an exit plan in all your trading. By exit plan I mean ,what you will do when your trade goes against your strategy. When to cut off the loss and which stage is important to know. 

Also don’t underestimate the importance of having your own community, join the crypto community with women or lead by women. Working with the team in discord will make a lot of your pain and confusion go away. You will have an edge in this business with like minded people too. 

So these are the common mistakes which new traders will make in the future since their journey. And by detecting avoiding them early ,you will be saved from loss and be ahead of a lot more traders. 

Final Thoughts 

You don’t need other influencers’ validation in your success in the crypto journey. As a woman you are more than enough to be yourself and be a winner in this business. With proper foundational knowledge, practice, skills and self beliefs you can do miracles. And you can run this business on your own terms. Become financially independent and live with your dreams.