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?
Well, your mistake is not special, I've personally have been in the crypto business since 2016, I got to know about crypto in 2016 and in 2017, I was already trading myself, though I can not remember when last i bought that top of an Altcoin but this is not a mistake that is too hard to make, any body can make such a mistake including the so called masters or gurus whatsoever..
I have alot of Altcoins which I've forced myself to hold as an investment even though when I bought it, it wasn't my intention to hold the token for more than a day, but I bought that top and I can't afford to sell it at a loss, so I have no choice but to hold it as an investment instead, this strategy have worked for me in that past, several times actually, so even if I make same mistake again now, I am not scared, only thing is ensure you are trading a token that is from a reputable and trustworthy developers, one that won't turn into a rug in the near future.