Quote from: sakrosak on August 30, 2018, 08:57:39 AM

Quote from: DMCR lah on August 30, 2018, 08:19:55 AM

Quote from: honghe99 on August 30, 2018, 07:23:52 AM

I am also a panicked person, because all the cryptocurrencies in my wallet are bleeding, now I have sold them to USDT for saving!

it's a brilliant strategy, but when you want to buy you will be faced with the lowest price problem. many people want to buy at low prices but they are not aware if the price is recovering.

if you want to be a trader you have to get rid of greed, many people suffer losses because they hold on too long. I have experienced when the ETH price is above $ 1k.

Agreed. Typical strategy to be a profitable trader is:
Loss = 1
Profit = 2
Which means the stop loss price is extremely important, I am pretty sure 90% of the traders don't stick to this rules and that's the reason why they'll never make money in the long run. Or they will but because luck comes into play from time to time. But you don't want your earnings to be the sole result of luck.