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Author Topic: Newbie Trading Question?  (Read 508 times)
Triffin
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November 01, 2019, 06:15:25 PM
 #41

The moment you accept yourself as a trader. You should stick to your guts, stick to your plan. I know what seems to be the problem now. You are lack pf self confidence and you are indeed scared of any negative results. Make sure you are a risk taker if you want to become successful in trading

Always remember that you must go on with your decisions. If you are kinda hesitant with it, give a break. That is why I am always saying that stop loss is really helpful in this kind of situations (sideways and sudden pump or dump).
If you look at the history of all successful traders, they were like you in the beginning. No one is born perfect or expert, people learn all by the passage of time. But as you said, this is the major quality of traders that are ready to take risks but for you, I will suggest trading with potential coins which have history of generating nice profits in the past. Just stay positive and confident.

Hal9900 (OP)
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November 01, 2019, 06:34:29 PM
 #42

Like this type of case now, it has happened to me several times too because of fear of missing out, I would want to sell my coin to take profit when the value is going up so that I can buy again when it dumps, but another thought will come to me and ask what if the price grows higher than that, and then I found myself canceling it, but what I have learnt to do is to have money to play both game, I put money for long term investment and I have money that I use to buy dump that when  I see case like that, I take my profit without hesitation.

If you look at the history of all successful traders, they were like you in the beginning. No one is born perfect or expert, people learn all by the passage of time. But as you said, this is the major quality of traders that are ready to take risks but for you, I will suggest trading with potential coins which have history of generating nice profits in the past. Just stay positive and confident.

Yes, this is exactly what is happening to me. Unlike what others have said here I do not think it's because I'm greedy. I've been hodling since February and it's time for me to up my game. If the whales are doing it I should be able to make some kind of decision that will have a positive outcome rather than just hodling and hoping for the best. But yes, I pushed that sell/limit button many times to only cancel the order a few minutes later. I plan on only trading Bitcoin but I want to do it when the whales are moving only. These small day-to-day, week-to-week fluctuations make me nervous and it's just a guessing game.

But seriously, has anyone used Gunbot before? A quick Google search seems to find paid advertisements for this service. I expect the money to be made is in the selling of the software and not what it can actually do for people.
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