Post
Topic
Board Trading Discussion
Re: Trading sucks, I'll just hold my coins
by
Mrmuricy
on 13/12/2017, 02:14:24 UTC
I traded today for the very first time with the Litecoin high. I got around USD200 profit with a small amount of money just to feel how it would be. I could have gotten USD300 dollars for the day but I was greed and didn't take the money hoping it could increase my profit so I "lost" a little bit.

It was a very emotional process during the day. I lost focus during work monitoring Litecoin ups and down through the day. Luckily I work on a computer so I can do both, but I can tell it takes a lot of time and energy.

I want to find a nice balance because we can easily lost track os everything else just monitoring the market.

I was pleased with the results though. The harder part for me was choosing the right time to take the money out when it's high. When It's low I've no problem holding and waiting for it to be better. Anxiety was high during all day though. With what I earned I already reinvested in another coin that I plan to hold for a mid/long term.

I liked trading I will continue to explore this world, but I got scared how it can "dominate" your mind. It's like an addiction. I don't think I will be doing this everyday.