Re: Why does price fall when I buy and it rises after I sell?
Don't buy coins during a pump. Admit you missed that train and stay away.
Buy promising looking coins with low marketcaps and growth potential and be patient. Don't buy after the marketcap has risen 100x already.
If a coin is being hyped and praised as the second coming of satoshi, stay away. Even if it is a legit project, the dump will come and you can buy in cheaper.
Don't panic because the coins you are holding haven't doubled in price an hour after you bought them or they have stumbled in price. Crypto is cyclical. Only the pure pumps and dumps die completely. Coins with solid development and community support rise (and fall) again eventually.
When you are holding a coin whose 6 month price charts looks like the black line below, sell where those red arrows are pointing.
Buy promising looking coins with low marketcaps and growth potential and be patient. Don't buy after the marketcap has risen 100x already.
If a coin is being hyped and praised as the second coming of satoshi, stay away. Even if it is a legit project, the dump will come and you can buy in cheaper.
Don't panic because the coins you are holding haven't doubled in price an hour after you bought them or they have stumbled in price. Crypto is cyclical. Only the pure pumps and dumps die completely. Coins with solid development and community support rise (and fall) again eventually.
When you are holding a coin whose 6 month price charts looks like the black line below, sell where those red arrows are pointing.
I'm not bad at trading..I don't think. I study chart before I invest. Look at CANN..it's a perfect example of my past investment. It stopped rising as soon as my buy order went through and look how badly it crashed since last pump in October.
I don't even look for 100% profit anymore..mostly I'm looking for 5-10% but that seems like a rocket science in crypto. It has been shitty 8 months for me. I hold so many bags it's not even funny.
I'll give you another example of BTC too. I purchased it at 400 and two days later that bear whale decided to dump his 35k and ever since price has been struggling to reach 400. In fact it's at 290 right now.
It's just shit luck