Post
Topic
Board Trading Discussion
Re: How do you develop stronger hands?
by
Emitdama
on 01/02/2021, 18:30:21 UTC
I'm finding my calls are right, way more than 50% of the time, but I'm not as profitable a trader as I should be, because it seems more often than not, there's either a dump out, the chart starts to look like it's turning bearish and I begin to lose confidence in my calls.  Then I might set a stop loss and there's a shake-out, it eats through my order, then the trend turns around and basically does exactly what I had originally called.  Or if it starts dumping I might panic sell. 
You must be trading with alts because bitcoin has seen a gigantic bull run and if someone fails to profit in this kind of run, trading is not for them. But coming back to altcoins trading I feel that you should always invest in coins with high trading volume, the reason I am saying this is because the coins that have a big market cap do not collapse easily and minor price fall won't change your mind like you said you panic when a bearish run happens so having a big market cap means you won't shake easily even as the value drops.

I'm typically more profitable if I do not even look at the chart, like at all, after making my buy.  Not sure that's good either. 
Speaking from personal experience that might be the best thing one can do and just don't fall for ICO scams. I mean the crypto market is too hard to predict and with altcoins the pump and dump game always happen so better invest in the worth of the coin more than the cost.