Post
Topic
Board Trading Discussion
Re: Trading with goal setting
by
harizen
on 30/06/2019, 19:41:32 UTC
Cryptocurrency is really unpredictable. It can go to peak at this moment and drops $4,000 tomorrow. It can also be stagnant for the whole month or so. In this i learned that you shouldnt speculate much about its price bit rather put some goal price or margin where you sell it whether you like it or not. If you dont needed the money yet then its better because you can wait longer than others. With this you cant avoid greediness and earning depending on your goal price.

For those who want to take advantage of the price swing, it's really not necessary or must set a "too much" price target before executing a certain strategy because that might wrecked them. It's applicable to all coins whether their volume is performing well or not.

Before anyone got mislead, I will say again, "too much" of the price target.

Responsible trading should always be done whatever the circumstances. If we saw profits and anticipates based on their own research and study that they can make a re-entry due to possible dip, then execute the sell order. What if the price goes up more? Then make another set of strategy and etc.

Obviously, we will experience different situation and scenarios while dealing in trading. Don't be afraid to make mistakes. Instead, take that as a reference and do anything not to repeat it again.