Post
Topic
Board Economics
Re: LESSONS FROM CRYPTO MARKET
by
juperos
on 08/07/2019, 14:55:08 UTC
After a year, a lot of lessons that we did learn. There are 2 precious things that I think I should remember:

+ Fear
+ Greed


I learned that from my teacher, he said when you buy Bitcoin at 10k, it's then $12k your greed rises inside you and you don't want to take profit and expect more. Then, the downtrend is coming, BTC goes down to $8k, you'll be scared to cut loss, and what'll happen, you lose more while BTC drops to $4k.

So, we need to set up your expected profit point as well as the stoploss point.

How about you, what is your lesson?
My first transaction failed like that. Because I was greedy and also didn't want to suffer losses in the first transaction, I tried to hold and now my assets were divided 10 times. This really embarrassed me because I didn't really have the experience and didn't want to fail.
But professional traders need to be awake and have to change their plans in every variation. not being greedy and disciplined when working, that's the lesson I learned.