Quote from: leowonderful on October 28, 2019, 06:42:36 PM

You've experienced your emotions overriding logical decisions for the first time, and you FOMOed into a trade- that's a good thing to realize, and that's something you'll need to get past if you ever want to become successful in trading. Most emotionally driven decisions you'll ever make, including and outside of trading, are generally not good decisions, and though it can be tough at times, always do what your analysis tells you or ride things out 'till the risk/reward of a particular scenario is no longer worth it. Not every pump follows through, and not every dump follows through either. That's what makes trading tough, and in this case you were greedy and didn't close out when you knew it was right.

Thanks. I don't think I got greedy at all because I didn't do anything. I bought at $3600 and I've been sitting on it ever since. I didn't close out because I didn't open anything up. I'm sitting on my Bitcoin and doing nothing when these pumps are happening when I know I should follow these big moves upwards and sell. Like I said, I get too scared and do nothing. I don't think that's greed. It's more like I don't want to lose my Bitcoin but how can I if I'm selling high? So let's say (for example) I bought 3 Bitcoin at $3600. I still have 3 Bitcoin now because I just sit on it. I haven't followed the whales when they pump. Twice now I put in a sell/limit order and then 5 minutes later I cancel because I think I'm doing something wrong.