This is getting frustrating. I thought that we are now going to the moon because BTC surpassed $7000 resistance level and we saw that most altcoins follow. I bought ETH for $513 then now it is getting dump where the current price is $470. in just 12 hours, i lost $43. What is your reaction and strategy when altcoin gets pump?
I am not a trader I am a long term investor, I continue to buy Ethereum and other Alts on the dips and hold for the day when prices again reach ridicules levels like they did in January. If your a trader you need to be able to accept that you will be wrong almost half the time. Succesful traders learn how to limit their losses when they are wrong and fully exploit the movements when they right. But even the best traders will lose money on about 40% of their trades.
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