Post
Topic
Board Trading Discussion
Re: Never Be in a hurry
by
sana54210
on 27/02/2021, 18:24:39 UTC
Hurry has lead many traders to failure because many of them never took their time to find out the really information concerning the market pump before selling their coins. I don't rush when other traders are rushing to supply in the market because it has reduced so many traders to zero level in the profit making.
It is good to watch the market price very well before releasing your coins to market which will really help you as a trader to achieve something good from your investment.
There was a great saying like that, "be greedy when others are fearful, be fearful when others are greedy" or something like that, when people make rushed decisions and make it is super volatile, any direction that price goes 10% or more I just stop doing anything. If it goes down 10%+ , I still stop and not do anything at all and wait for it to stabilize a bit, if it goes up 10% I still stop and wait for it to stabilize.

After all, it can't do that for over 10 days in a row, eventually it will have to stop and that is why I do not have any problems at all. You should be worried if it makes bigger moves, I remember the times when bitcoin moved from 20k to 3k so I can't say that I would be really excited about more than 50%+ drop, it would be basically scary for everyone, thankfully we are not anywhere near those levels just yet.