After several years of trading experience, I bought the top of an altcoin again today.
I made a trading mistake, and I wonder how come I haven’t grown past this stage in trading.
I thought I have learnt how not to FOMO, I still fell for it even after been a trader since 2020.
I wouldn’t have bought the top if I took some few minutes to check the chart. At least the daily chart would have given me the signal.
This shows that even masters makes mistake sometimes.
Do you have similar experience like this?
Trading is mistaken because of many mistakes when analyzing, and mistakes are very natural because not all traders can always trade properly. From my experience I can say, no matter how perfectly observing, sometimes the money is lost because of the slightest mistake. And if you do not break to make this mistake, it should be learned from it so that it can be traded more perfectly later. Now since you are buying Altcoin then you wait. Because it is possible to make a lot of profit by holding. In this case the situation in the market should always be monitored. If the market is on the downturn, it is most likely to lose.