Trading can sometimes feel isolating, and while it’s not always difficult, there are frustrating moments. For example, I bought Rune at $5, and it's been retracing for months with no sign of returning to my entry point anytime soon. I guess I’ll just have to hold.
Trading is all about timing the market well, if you can't do that, you will face what you are facing right now. The highest point for RUNE was $11.46 or something and it touched that point on the 13th of March, this year, after that, it started dropping and the lowest point it dropped to was $4.35 or something around that within a month after hitting $11+.
After that drop, it went up to $7.3+ in the next few weeks. Now, if you had bought it when it was around $4.5 or $5 before it went back up to $7+, you could easily exit with some profit at $7 if you weren't to become greedy and think it would go higher and you would get more profit.
Remember, take profit when you have the opportunity. Greed won't let you stay profitable for long when you are in a financial market such as this one.
This brings me to the purpose of this thread. To stay active, I’ve got stables in my portfolio and I’m looking for advice. Between launchpools and other low-risk investment options, which is better for retail traders, and what risks are involved?
Buy Bitcoin and hold, there is a high chance that the price will go above the current all-time high this coming year.