Guys, I am rather new to trading. Initially when I did get into crypto currencies my idea was to select a few coins and HODL until their value appreciated and maybe cash out some tokens whenever i am in need of money. Little did I know I was in for a big surprise few months into crypto currencies the market was so volatile.
However from what I noticed was if a trader, learnt to sell off in the high and then when the market inevitably pulls back we could secure ourselves a much higher position in the same tokens or different but for this to be done we need to be pretty good in our TA i guess and I am now very determined to explore this side. Can anyone please advise me how I should get started, some recommendations of what to read, what to watch and also the risk associated with what I plan to do.
Thanks so much.
Any book by a trader is good enough, just make sure to actually read it and understand what the author is talking about, but take it easy, the current conditions of the market are very difficult in fact if you are not losing money you should consider yourself lucky because most people are, personally I think long term holding is the best choice for most people that do not have the patience to become traders since many just become traders because they are seduced by the potential profits not understanding that most likely they will hand their money to experimented traders.