skyroamjanetismine (OP)
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December 27, 2020, 03:52:41 AM |
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I've already sold 1/3 of my holdings and all seemed to be at really bad times. I have had no strategy. I have followed the price and watched a few videos a few times a month--most of them the terminology is over my head, but up until a few days ago I did not know anything about technical analysis. I really regretfully sold a large chunk at 15K because I choose a bad stop loss. It was as 15.8K when I placed the order and I just choose 14.8K as the stop loss without any strategy. A few days later I came across a video that suggested 13.8K would have been a good stop loss. I also sold at 6-7K in 2019, and even a little at $5K in march this year, but I didn't feel as bad about those for some reason as bad as they were ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) The night I placed the order in early Nov. this year I wanted to ask someone what a good stop loss would be but I did not know who to ask? So I just put 14.8K. Is there anywhere I could go in the future to ask such questions and get answers with short notice? I don't mind paying. I just literally don't know where to go. I also thought about re-entering a few days later at 15.8K but I didn't know that it was a thing--again I'm totally in the dark about trading. I got into BTC on accident some years ago. It's a long story. I think I was mentally paralyzed in terms of what the tax repercussions would be if I re-entered so I just didn't take any action. Again, I didn't know whom to ask or anything. I was so confused on the tax stuff for months. I know it sounds stupid but I didn't even realize I could call an accountant. I've been so busy with other things in my life. Worse, I didn't know I could buy back in at $15.8K and ride the market. It sort of crossed my mind but I wasn't sure what the ramifications would be in terms of tax so I froze and just didn't know what to do . I needed someone to talk to again but did not know where to go. Please make suggestions. Ideally, I'd like -To be able to follow 5 expert traders on a day-to-day basis and see what they are doing to get some guidance and then ultimately make my own decision -A group where I can ask questions to about TA, good stop-loss, good-buy in time, etc.With people who are very interested and doing the same thing. -A 24/7 place where I can get quick simple answers or someone to talk to -Really would like to find some sort of mastermind group.
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mk4
Legendary
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Merit: 3872
Paldo.io 🤖
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December 27, 2020, 04:06:45 AM |
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Unfortunately, I don't think you're going to find actual expert traders that's going to show their trades and strategies to you just because. Exposing certain trading strategies to the public can possibly render them useless. Seriously though, I know this is a trading section so it's pretty stupid for me to just say "don't trade", but if you're bullish on bitcoin in the long-term, you might want to consider doing dollar-cost averaging and just holding long term. Focus on earning income outside crypto instead so you can stack more sats. On the other hand, if you want to continue trading, I wish you the best. Check this out: https://dcabtc.com/
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Curated Crypto Airdrop Database
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Maus0728
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December 27, 2020, 04:52:12 AM |
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I think what you need right now isn't about finding actual experts in terms cryptocurrency trading but to reflect on your own why do you trade with no definite trading plan. Give yourself a break and abandon trading charts for a week or months and start reading trading resources that is scattered all over the internet. Much of the trading video courses and articles you can find are for free and you don't even need to pay a thousand bucks in order to be profitable though..
Stop searching for the "Holy Grail" type of trading group as none of which exists in the first place. Learn the technical and fundamentals first and try to find a group of trader within your community to help you fasten your learning curve as well as for you to be comfortable asking various trading questions. I understand the pressure of wanting to have a decent profit but unfortunately it doesn't work that way. Anyhow, good luck with your trading career.
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Wexnident
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 27, 2020, 04:55:12 AM |
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I'd advise against joining any groups, since you may just get scammed, the better option imo would be to join any groups and check their TA's, analysis and whatnot yourself and think for yourself whether it makes sense or not. You've had your fair share of trading, so you should be capable of judging such things yourself. Absolutely no need to believe what could've happened if you hodl for a bit more longer, when you exit, that's it, thoughts should stop there and no more thinking of "what ifs". Anyhow, you can try looking around here in this forum since there are quite a few people who post their TA's, the Wall Observer thread, and Reddit if you still want more info. Just don't follow what you see unless you've done your own research.
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cryptoaddictchie
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December 27, 2020, 05:03:52 AM |
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-A group where I can ask questions to about TA, good stop-loss, good-buy in time, etc.With people who are very interested and doing the same thing. -A 24/7 place where I can get quick simple answers or someone to talk to -Really would like to find some sort of mastermind group.
Mastermind group? Maybe a group of elite traders but somehow you find it difficult to locate them. Watch TA on YouTubes and searched some examples on Google, learning alone will make you feel pressured and giving you hard time to cope with the system but that's fine if in return you'll be able to earn those money gone from your losing trades.
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btcsmlcmnr
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December 27, 2020, 05:36:49 AM |
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You are not a long term HODLER by what your past activities. You are speculator or trader, not investor nor hodler.
If you are a hodler or want to be a hodler, you would hodl your bitcoin after the more 4 or 6 years. After the 2024 halving, bitcoin will be very bullish, more bullish than what is happening this year after the halving in May. It is challenging to predict price of bitcoin and history does not need to repeat itself but as a rule of supply and demand, I am bullish on bitcoin. Supply for each block will be halved and demand will increase more than this year.
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boyptc
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December 27, 2020, 09:04:58 AM |
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You are not alone. I guess there were other holders that sold at those prices. I've sold also at those low levels but I'm not looking at it anymore.
Experience will be your best teacher. And with those early solds that you mase, it will make you firm to become long term holder while trading. You dont have to follow anyone, your experience would be enough. It is hard to find a mentor in trading.
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Reid
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 27, 2020, 10:03:52 AM |
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This might ease your mind a little with all the regrets that you are feeling. You're not alone in making the same bad decisions.
I did sell too but I am trying to be happy with it. Let's try to feel the satisfaction of what we did because we really thought it was the best time. Move on and maybe find another chance to make a better choice.
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Strongkored
Legendary
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Vave.com - Crypto Casino
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December 27, 2020, 10:17:08 AM |
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Do you really believe that follow expert traders will be able to find accurate answers for your target? I think it's not a solution, if you don't have good knowledge about trading why isn't that your next target, meaning that if you really want to become a trader then knowledge about trading must be had, every advice from experts is only as knowledge but you have to compare it with your own analysis, then it will reduce regret, and one more thing that no one experts predict BTC price accurately all about analysis that can be right or vice versa.
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CryptopreneurBrainboss
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Merit: 4226
eXch.cx - Automatic crypto Swap Exchange.
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December 27, 2020, 10:24:37 AM |
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Don't push yourself too much, you're better off than most traders out there. Surfer you're not ending your trades in losses you're doing quite well for yourself. You just need to work on your existing strategy since it's obvious you're a trader and not a holder. Don't think you'll get that from any of the paid group you're in search off.
Most of them are just speculating and have no clue what they are doing or basically relying on the audience they have to help make them seems they make the right prediction. If you noticed most of them have gone silent especially those specializing in altcoins. All there prediction has gone wrongly and now they're just watching bitcoin continue its impressive run.
Take some break off trading as others have advice. Take some break and enjoy the past profit even though you miss out on future profit you would had made if you had just held on more. Don't be mad act yourself, bitcoin might be doing impressive numbers now but that doesn't mean it'll stay that way forever.
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JooBra
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December 27, 2020, 09:51:32 PM |
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You are not a long term HODLER by what your past activities. You are speculator or trader, not investor nor hodler.
If you are a hodler or want to be a hodler, you would hodl your bitcoin after the more 4 or 6 years. After the 2024 halving, bitcoin will be very bullish, more bullish than what is happening this year after the halving in May. It is challenging to predict price of bitcoin and history does not need to repeat itself but as a rule of supply and demand, I am bullish on bitcoin. Supply for each block will be halved and demand will increase more than this year.
You sad it all. Holder holds it's tokens for longer period of time with some goal in mind. I see what you look for BTC and hope it will be like that in future.
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crzy
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December 27, 2020, 10:15:51 PM |
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Bad decisions will make us stronger if you just don’t give up easily. We all make mistakes, and I personally hold before without a plan on when to sell, and since my emotion was weak that time, I sold my holdings at a loss and feel some regrets before. Well, I didn’t stop from their and I learn to build my confidence and have a good strategy, and now I’m starting to enjoy the market with a plan of course.
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Ryker1
Sr. Member
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Eloncoin.org - Mars, here we come!
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December 27, 2020, 10:25:01 PM |
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[snip] Please make suggestions.
Ideally, I'd like -To be able to follow 5 expert traders on a day-to-day basis and see what they are doing to get some guidance and then ultimately make my own decision -A group where I can ask questions to about TA, good stop-loss, good-buy in time, etc.With people who are very interested and doing the same thing. -A 24/7 place where I can get quick simple answers or someone to talk to -Really would like to find some sort of mastermind group.
Well, this is a very isolated case, you need first to work on your own before knowing other people that will perhaps help you. But to be honest with you, there is no called expert in trading, perhaps if there is, they are now the richest people in trading that don't need to get hired. All of these will start by your self by simply having research regarding trading. If you don't, just find a trading platform that offers copy paste traders from the most profitable traders, because, for me, the experience is the best asset if you are an all-time trader.
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Quidat
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 27, 2020, 10:33:49 PM |
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You are not a long term HODLER by what your past activities. You are speculator or trader, not investor nor hodler.
If you are a hodler or want to be a hodler, you would hodl your bitcoin after the more 4 or 6 years. After the 2024 halving, bitcoin will be very bullish, more bullish than what is happening this year after the halving in May. It is challenging to predict price of bitcoin and history does not need to repeat itself but as a rule of supply and demand, I am bullish on bitcoin. Supply for each block will be halved and demand will increase more than this year.
You sad it all. Holder holds it's tokens for longer period of time with some goal in mind. I see what you look for BTC and hope it will be like that in future. Holding might sound simple but this is only applicable into those projects which are really worth to go for long term and i agree on the word that it is needing some guidance for some people who arent actually doesnt have the idea on what they should hold in the first place.Majority or most noobs do end up on choosing shitty projects which they do believe that it can raise up its price in the future but sadly those coins would just be piling up into those mass grave of those projects who failed since from the beginning. Most of them are just trash but there are people whom do really gamble out even on unknown projects believing that it has really a potential but this kind of way is too risky.
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samcrypto
Sr. Member
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December 27, 2020, 10:38:19 PM |
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Early this year I sold my bitcoin because of the pandemic and to support my needs, and looking at the current price of Bitcoin, I’m surely sad because I sold early but I just think the first reason why I sold my Bitcoin and for me its all worth it. We all have regrets and missed opportunity, but what I’ve learned from my experience is that, opportunities will always come so don’t lose hope and continue to work until you made good decision in the future.
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Yamifoud
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December 27, 2020, 10:39:48 PM |
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You have been following the market chart, sees the market flow, that will be enough to have some guide to make a good profit n trading without asking someone to guide you back. Don't make yourself complicated because you already have some ideas. if you ask a person not known to you, I don't think also that he can give you the right answer since that person is also relying on the market and by his own understanding, and what he does is just like what you did in the past days.
You can learn it somehow in the future if you continue to study the market movement. It needs more patience to make it right, but not in perfection.
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RealMalatesta
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December 28, 2020, 05:49:18 AM |
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To be honest you could simply just use going down and going up method and it would work. Such as if it goes down you sell a bit, and if it continues to go down you sell more, and if it continues to go down you sell the rest, that way; which would mean, if you had bitcoin at 10k, and sold a tiny bit when it had a first drop, that would be fine, but rebuy at the same level when it goes up, you lose nothing if it continues to go up, if it drops again you sell again so there is no worries.
Similarly when it goes up, do not start selling right away, as long as it goes up never say "it may fall" and sell, keep it until it starts to actually fall, that way you would always have your money and profits until bitcoin has a bear run. There is a correction? Keep your money until the fall becomes over 10-15% levels, that way you would make a profit. Obviously this is going to take a bit of time but at least you are going to save your profits even though it would be time consuming.
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