Post
Topic
Board Trading Discussion
Re: Never Be in a hurry
by
pawanjain
on 22/03/2021, 11:57:33 UTC
Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

And also, before you sell a coin or close a trade; choose the same method; sell in batches; as it moons; the first batch would be your capital and little profit; the second batch would be more profits; never close your trades at once; and also remember, never enter a trade at once.

The term is FOMO (Fear Of Missing Out). The FOMO of buy/sell is always harmful since it makes us take the decisions in a hurry.
We tend to go with flow and sometimes end up in a loss since the market goes in the opposite direction after we buy/sell.
To stop this from happening we should always take the time to do a research and analyse at what point we should buy/sell.
This gives the time for the FOMO to settle and also help us take better decisions according to our research and analysis.