Quote from: distr@yopmail.com on Today at 02:38:14 AM

Quote from: teosanru on August 06, 2022, 08:02:25 PM

But I Still think in a bull run you can randomly buy a coin on any day and expect it's price to skyrocket in just a week or so however Same is not possible in a bear run. This has happened to me myself, I brought KCS or Kucoin Shares out of nowhere in the previous bull run and just in a matter of few weeks it's price skyrocketed like anything. i sold it and was lucky enough to get out before the bear run kicked in.

Seizing opportunities is very important in investing and trading. Indeed it will be difficult to plan when the market is bear, the easiest possible asset to choose for the long term. and don't expect a quick return.
Taking momentum in trading as you do is quite risky. you are one of the lucky ones to get a profit before the dump occurs. as we know, there is always the same scheme in the crypto market. after the pump, we will be greeted dump. the size of our profits or losses will determine.

But eventually what matters the most in trading is the momentum, if you can enter a trade when the momentum is on your side, the trade will always be beneficial but when the momentum will be against you the risk of the trade also increases. Talking about taking profit before dump occurs best way is to sell on various levels not just one levels so that you are booking profits in each and every level and not losing all the unrealized profit in just one dump.