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.
If you want to buy Bitcoin then buy it now that the price is low and even stable. You will continue to ask question without buying anything until its late and you will miss the bull. So stop asking questions and start taking actions at the right moment which is now. Do not listen to those that are telling you not to buy, they are fond of deceiving others and making buy at the wrong time.
As a trader, the ball is always in your court as you have to realize that you are going to be making a whole lot of decisions over and over again, which we all know that trying to make decisions is not something you will find easy if you do not have the basic knowledge to be able to make the right ones, which is why for a lot of traders, emotion tend to kick in sometimes, while trying to find how to make amends based on ignorance all over again.
Your strategy is what would help you most of the time when you are approaching the market and without it, you are just going to be gambling in that case, and ignorance should never be an excuse for anyone.