Have a reason before entering each trade: Start a trade only when you know why you’re starting and have a clear strategy for afterwards.
Not all traders make gains from trading, since this is a zero-sum game (for everyone who benefits someone else loses on the other side).The Altcoins market is driven by large whales (yes, the same ones responsible for placing huge blocks of hundreds of Bitcoins on the order book). The whales are just waiting patiently for innocent little fish like us to make mistakes. Even if you aspire to trade on a daily basis, sometimes it is better not to earn and do nothing, instead of jumping into the rushing water and exposing your coins to losses. From my experience, there are days where you only keep your profits by not trading at all.
Oh, now I encounter the true meaning of Whales in crypto currency. It's obvious that I'm a newbie but I want to learn step by step. I thought that the risky part is choosing alternative coins to invest with, but now, I see there's a lot more than hacking and scammers. The whales are just waiting patiently for innocent little fish like us to make mistakes
, this line is so useful to me, thanks for that folks.
