I HAVE JUST EXPAIN TO YOU MY JOURNEY OF TRADING THAT HOW I HAD LOST THESE DOLLARS.
I have started the trading from BINANACE app and I invest 1 k dollar at the start from spot while I had no teacher
i was in trainee at that time one day was will profit the other day was my loss day every month I invested in binance app from my salary
after investing these money would finish in just 4 to 6 days after that I again wait for my salary.
At the end in invested 6 k dollar at one time but there was a coin which has up from 0.92 to 14 dollars I bought this coin in 11 dollars and
unfortunately this coin dip to 2 dollars and I was see my loss in just 10 minutes.
My trading method I just sharing with you tell me where I done a mistake
1: invest in one coin also multiple coin
2: trading was at spot also futures
3.coin was buy from dip they again more dip
4.coin was sell from top they again go up
Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.
Sounds like to me that you went in and tried to trade without knowing what you are doing. And the worst part is that you did it with real money.
For the next time, practice trading on testnets or by buying/selling imaginary coins. Once you have gauged how good your trading strategy is, you can move on to using real money to execute said strategy.
But do not worry. Most of us traders have lost much more money than that before we learned how to trade on a profit. You should see your loss as a learning fee.
That being said, hodling Bitcoin is the best strategy. Altcoins and trading strategies will never have more profit than simply hodling Bitcoin for many years. And if you take a look at the year chart, you will see that.
People would really be only minding on trying to go back into the drawing board and realize the things on what they have done, this is where regret would kicks in and would really be having that kind of thinking that they have done a huge mistake because they've rushed in on doing trading without that proper analysis and knowledge about it but instead they have done it with lacking awareness and with those basics until
it comes that their trading results or outcomes turns out to be shit. This is why it would really be that always recommendable on that when you are just starting completely new into a certain thing then it would really be just that wise or normal that you should be having that kind of approach which you should need to learn up things first.
You cant really just dive in without having those preparations because dealing up with the market or making up some trades would really be needing up that skills
and awareness on how this market moves. You cant really just make out some trades and doesnt really know on what you would gonna do next.