When there is a pattern that indicates that btc will go down of course i want to sell because i don't want to FOMO or i just want to be part of that profit even the market is bearish
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Of course when trading you loss and when you loss you get mad and you are getting filled with greed and anger which means you can do something very stupid.
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It's not a good idea to invest all your savings because what if something bad happens? and crypto isn't in a good position right now then you are screwed. so just don't do it.
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For me right now and the status of bitcoin i would pick alts which can be independent without crypto because the dependet alts will also fall when bitcoin falls so watch out for that.
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I make my own TAs because first off if no one will give signal to you you are doomed. but if you know how to make a TA you can trade without their signals. but of course i have a signal group that i get informed.
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Well bitcoin isn't just for long term it's also great in short terms because of the volatility of it we can double are earnings within the day if btc cooperate with us.
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I think BTC is way more better long terms and short terms but some alts can be more profitable in the long terms rather than btc itself but of course hold a bag of btc.
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That's stupid, atleast have a bit of knowledge in trading because that's just pure stupidness and i rather just relax rather than trading with no knowledge.
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BTC has a big effect on alts. when btc go up alts also will go up but when btc go down alts will go down but sometimes there are some scenarios btc is going down but alts is going up.
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For me i prefer more in trading because it fives you more profit but of course you need to work for it, rather than just hodling buy and hold it but the benefit of day trading is just beautiful.
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I think that's a good way to make money but it's tempting because when it dumps it just instantly pops out of your head to instantly sell it so what i do is hodl forget for 6 months then look at it.
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I think i use alot is Stoch RSI and EMA because they are nice to indicate what will happen next but the price i don't think so because we just want it to pump and profit is profit.
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I recommend that rather than trading a big amount and you don't even know anything how the market moves and you money will be just burnt and waste it.
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I'm doing great because i'm selling before it goes down but of course my alts is just in hell and half of my port also is in hell crying out for help but the half is in a vacation at Hawaii.
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I think if you want to recover your loss don't think about recovering it and think about growing it so that will be your mindset to be more successful in trading.
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Hello everyone! i'm in a hunt for a budget good looking and high quality mouse. any suggestions out there?
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To manage your emotions is hard and newbies are saying that it's easy and they just want to focus on patterns etc. but even a experienced trader still can't manage their emotions right and that cause them to loose a trade.
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I can agree on that but sometimes the market goes our way and when it goes our way we win and we win hard and we can earn alot of money from that and you can have a passive income daily.
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I think i usually use an exchange to watch my coin but because i'm a margin trader i only watch bitcoin and other coins that can be margin, i open bitmex and tradingview and that's it.
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I think it's possible but hard because to make it reduce to $4000 needs a big impact or force to make that happen because that is half of the price today and reaching that mark is hard.
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