Appreciate all the tips. Basically, I got into the crypto game late December of 2017 and its been definitely one hell of a ride. My lack of patience is costing me $$$. I day trade and dont hold. Ive made a few bucks here and there but as of now Im at a loss of $2200 out of a $10000 initial investment.
When the last crash happened, I sold everything at a $2500 loss(all ethereum)because at the speed the market was going down, I was worried I might lose most of my money if not all of it. Even Ethereums cofounder posted on Twitter yesterday that this market might crash to zero anytime. After the crash stabilized, I bought some etherum and ended up at $8500 out of the $10000 and then back down to $7800 today. There were many times where I bought ethereum or btc at a certain price only to sell later at break even or a loss. Like today, I bought btc at $10,530 and then for next few hours it stayed in the $10,400-10,500 range so that made me nervous, especially with all this talk about there is a btc correction due soon. Of course as soon as I sold at break even, it goes up $400 more within a few minutes.
The main reason is I watch the market every 2 minutes on my phone and when you start seeing it go down and up and down and up, it drives you crazy and really stresses you out. Heck I dont even sleep much now. Crypto always on my mind!. Its not really the volatility that bothers me as much as the feeling that this market might crash to zero. I always get the feeling I must sell fast before something happens.
I mean I know how to make money. Actually, I just made $60000 in the last 2 months doing non crypto stuff but when it comes to crypto, Im not that good!. At least as of yet :-). I just dont like losing money!.