|
May 24, 2018, 05:22:42 PM |
|
I also get that "aw dang I sold/bought too soon" feeling, but it's becoming less and less of a big deal the more I trade. The truth about it is, that nobody will ever be able to tell you 100% when the perfect time to buy is. If you think about it, when you sell you're thinking the value will be dropping soon (a short), and the person buying is thinking the price will rise from there (a long). Immediately there is someone who made a trade that isn't 100% perfect, since the price will not be rising and falling at the same time. As time moves on there will be someone who clearly lost in that trade.
But you have to keep in mind what you're doing after that trade. For example, if you sold and the price kept rising, yeah it sucks that you lost out on that gain, but what if you bought a coin that increased more than what you just sold? You wouldn't be thinking about the coin you just sold, you'd be happy with your good trade.
As an amateur I'd say you're doing great so far. It seems like you have other priorities in life, and this is just a side gig for you, so you can't let it get to you much. You're going to make bad trades, and you're going to make good trades. The more experience you get, the less the bad trades will hurt. Even if you do make a bad trade, you'd be able to justify to yourself that you'll still be able to regain the amount you lost.
|