Post
Topic
Board Trading Discussion
Re: Trading bitcoin what do you use
by
Peanutswar
on 27/02/2025, 11:42:40 UTC
When people talk about trading bitcoin does anyone just literally buy and sell at the right times rather than deal with futures like shorting etc..

I tried on Solana a few months back with some success the danger was always FOMO at the bottom of the range and being stranded at the top when the market drops.

You can sell and take a big loss or face having to stay off for a few weeks until price recovers

Anyone successfully do this with bitcoin what do you use to help you

In trading you must need to have your entry and exit strategy and not just getting FOMO sometimes people get ride too much with the market once the market coin they invested in goes up they keep accumulating and holding some of it but after there's a correction they didn't knew what to do which is having a trading plan is a must lets say even that's a short term holding and long term always decide where to take profit and cut losses. Ive been invested with the bitcoin and alts seems 2020 and takes a lot of mistakes and challenges but this bull run this time it didn't happen again because I know what to do. Make a plan to avoid getting lose with your trades.