Post
Topic
Board Trading Discussion
Re: How can I avoid making this trading mistake? It's giving me a headache
by
nicolas1979
on 03/04/2018, 05:58:37 UTC
So I bought 10k worth of ETH because I wanted to begin swing trading with 10K for potential solid profits via swing trades. However, I had to wait a damn week on Coinbase to receive it. However, by the time I had finally received it, the value of ETH has gone down so I only got around $9,700. So basically from there on, Im down 300 dollars, which only left me with $9,700 to begin swing trading with. So let's say I dump all the $9,700 into an alt coin for a swing trade. So in this situation, I'm already down $300. I am not happy. Let's say hypothetically, the alt coin I want to swing trade is priced at 45 cents. If the coin goes up to 47 cents and sell, I would have made $431 in profit, but if you actually think about, I would only actually make barely over $100 in profit since I've spent $10,000 worth of ETH in the very first place and value of ETH had gone down.  Huh Huh


Mistake happen fix it and accept the result and for this problem, you only have two option. One keep hold it until the market have significant price moving, take this step need extra patience. Second, cut loss and start again from beginning or wait, this step accept the result need hard work because your asset loss bigger value. Every action ( OP, SL, TP ) always has risk, so calculate again which one is the best for you. Good luck and have a nice day.