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.
You will get punished even for a minor mistake, this is how trading works. It is a highly sensitive task which requires 100s of 100 factors to be ticked to escape from the losses. This way, I believe no one could be a master in trading, every trader must be still a learner regardless of their years of experiences. I mean, anyone could make profits from trading but consistent profit making must be near impossible. Still, you may escape if you are good at cutting your losses early and letting your profits grow with trailing stoploss and other techniques.
Whether you chose to trade with altcoins or stick to bitcoin, believe me profitability isn’t on the coin itself. It’s on how you manage your trade, and execute your skills and reliable strategies in order to achieve profits.
Yeah profitability depends on multiple factors. You need continuous learning habit to get ready for being a trader. Trading profitably may not be conculcated on every trade basis or daily basis but at least need to be profitable on weekly basis or monthly basis. Otherwise, getting back to paper trading to enhance skills further is highly recommended.