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.
When you were investing at first didnt anyone tell you that there is what we call a bear market? This is a volatile asset and it doesnt just continue to go up there are times the price will fall. And you said you planned to withdraw whenever youre in need of money and to me, that is not a good plan. You make plans based on short term or long term investment depending on which one you think will work out for you.
You think some people got to ask themselves what they were about to get into? Let alone get to ask questions about a market in the first place and how it should be traded.
It is all about seeking for information on what you want to do as this is what makes you stand out in your decision making, but the truth is that a lot of people do not get to have this sorted out within them as all they were after is a way to get rich quick, rush things when it comes to trading and getting to make some pretty huge bucks than they can imagine overnight. I wish things get to happen this way, but in reality, if you are ignorant, you will always never be able to make any decision that is right at all.