Post
Topic
Board Altcoin Discussion
Re: What is your experience in trading?
by
jamids
on 19/07/2018, 02:59:46 UTC
Its not that good during the first quarter because of the bearish period. I loss almost half of my profit because I'm a long term investor. But what can I do, I can't just sell all of my coins away. But then the recovery period came in and everything went well again and so as my loss almost doubled in no time. Being a long term investor is a bit risky but its all worth it.


You need patience when trading and you can only do so when you already have a trading plan in mind and know when you should take profit. Stop loss should also be prioritize too because you can lose the value of your investment up to 99% if you don't put a stop loss. The price may have risen 200% from the bottom but you are still not in profit because you have bought higher and hold the coin so better sell it early when you have less loss and buy back cheaper so that when the price goes up, you can already be in profit then.