I started selling. I was confused is it good to exit and buy low later.
My buying price was also good and investment not much.
I was in a loss of around 300$ almost
It started gaining i stopped. Selling and decided to wait for it to come back. I am in 300$ loss currently Total investment was 689$ all in spots currently.
What do you all say?
The truth is that in crypto currency trading; you should never wait until the market is bearish before you start selling or taking profit; it does not really end well for any trader. Where were you when the market was bullish and you were in profit ? This shows that you let your emotions direct you or you gambled on your purchase. A good trader has an entry points, a take profit point and when to totally exits the market, you do not have any this.
I hope you learn from this hard times and mistakes and work on developing a good trading strategy