Post
Topic
Board Altcoin Discussion
Re: Am I the only one this unlucky during my entry into investments and crypto?
by
styca
on 21/11/2017, 23:11:57 UTC
Thanks everyone, I have taken all your advices and feel hope and better about this. I will become a hodler once I buy back. Hodling life suits me. And especially on low amounts, day trading gets me no where really. I was just doing for experience but it seems like I have got enough now lol.

The worst mistake when trading is making panic buys and sells because you made a trade 5 minutes ago and now the price is going the wrong way. If you are going to trade, you need to zoom out on the charts to get some perspective, and you need to understand why a price is changing and have a good idea of whether it will continue that way to give you a strong possibility of a good exit point to make a decent return.
I think I made similar mistakes to you when I started. Another thing to mention is if you are trading a coin against bitcoin, then there is not just the movement of the alt to take into account, but also bitcoin movements against fiat too.