Post
Topic
Board Trading Discussion
Re: Newbie Trading Question?
by
harizen
on 28/10/2019, 19:42:33 UTC
Guys, I know I'm stupid because I'm asking myself, in both instances, why I didn't sell high and wait for Bitcoin to come down and buy again? It seems like a sure thing. All I hear are stories about people losing the shirts off of their backs from trading so that's why I just hodl. Am I missing something here? When I see the whales move the market this quickly should I just grab onto their tales and go for the ride? It seems like a sure thing but I know I'm missing something. Please educate me as to what is wrong with my reasoning.

You are not wrong with your reasoning. No one knows what will happen next so basically you became confused about what to do.

Riding your so-called whales or not will still lead to 2 results, win or loss.

That's a tough decision you need to make for every trend. You already know how to analyze. There will be really a time that you need to do a trial-and-error just to see if your strategy is effective. Just continue and take the risks with caution. Your experience will teach you how to deal with that problem as you progress.