We're currently experiencing a bear market phase. How do you intend to secure profits once the market undergoes a turnaround? What proves to be the most formidable obstacle in executing this strategy? If your intention isn't to convert profits back to fiat, kindly explain your philosophy regarding this choice. Newbies in this platform like me could gain insight from your past experiences.
The current situation is unpredictable. Maybe some past experience will help but the market moves unpredictably. Day by day the challenges we face are getting bigger and the risks are also getting higher.
I am not a day trader. And I don't understand what a stick candle is. But what I know from my experience in crypto is that it is better to make crypto a long term asset. Sell when the price is high and hold when the price is low. It's that simple. I've never been worried about the season in crypto whether it's a bearish or bullish season.
If you ask my biggest obstacle then it's just about timing. Sometimes you have to wait quite a long time in an uncertain situation when the asset you are holding has a high selling price.
But it's okay with a little patience. My experience has taught me that being a long term trader is better than looking at and reading those stick candles.