Quote from: sic57005 on November 15, 2017, 03:28:53 AM

Quote from: rremus91 on August 03, 2017, 10:40:29 PM

Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.

I though I can trade. Buy low, sell high. Sounds good, doesn't work.

Well, it actually works. Is all simple as really sounds. But you have to remember:
1) Ignore what other traders say. Some of them just made 200%/day, 20000%/day, 200000fckyou000%/day. You should not care, this is not a competition, they aren't enemies, and their numbers almost always are just fake. Do your 10%/month and everything still will be fine.
2) Don't buy shit. Even if you see some great pump, shit is always shit. This is related to almost 1000+ coins and, the hell, 99% tokens. Yes, this takes time to differentiate them, but without that skill you will be screwed as HODLer too.
3) Sell, the fck, higher than you buy. Don't ever think like: okay, I lost 90% on this coin, but I really need my money in BTC right now to buy another one with great potential, so I sell that one now. That is doomed. That is only one real way to lose everything.
4) Fck all technical analysis bullshit: indexes, waves, some wired triangles, lines, on price chats... this simply does not work. This never works. Save more time for part 2)
5) Don't be so fast. Just imagine: you done 10x this month, you done 10x next month, and finally 10x another month. Now you moved from poor to very rich and you even don't know how to live being rich. You will be afraid of it, you afraid of it now. And hence you will lose money. Not actually YOU but some parts of your brain.

So... That's all really what I call "buy low, sell high".

Hey, the tutorial is just cool! That list should be shown to all beginners in crypto/trading world.

SashaAbraham

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