I know, it's maddening. And I've been there (a lot!), you figure, hey this guy says it will most likely go down in price before it rises so I should sell then buy back when it drops and I'll have EVEN MORE when it rises. I have done this, and it didn't drop much, then it rocketed up without me. So not only did I sell at too low a price, now I didn't even have any more to sell at the higher price, and if I buy back in I'll have less...and it may not even go up anymore!!!!!
If you really want to try to day trade to catch the wave try it with a SMALL PERCENTAGE of your position. Say 10-20%. See how you do, and that way if it backfires you still have 80% of your position in the bag.
There are sooooooooo many predictions, you will go nuts trying to follow all of them. I would say just try to get a sense of the long term for the coins you have, that way if it drops and you get nervous you know that it will rise again.
Hope this helps man.
Yes,.been there and done that repeatedly. Crypto is great for day traders if you know what the heck you are doing. Stick with swing trading or long term.
Hahahaha, You are exactly right, been there and done that. Sold it thinking it will go low to buy more and next thing you know you end up buying for more.
I know, it's maddening. And I've been there (a lot!), you figure, hey this guy says it will most likely go down in price before it rises so I should sell then buy back when it drops and I'll have EVEN MORE when it rises. I have done this, and it didn't drop much, then it rocketed up without me. So not only did I sell at too low a price, now I didn't even have any more to sell at the higher price, and if I buy back in I'll have less...and it may not even go up anymore!!!!!
If you really want to try to day trade to catch the wave try it with a SMALL PERCENTAGE of your position. Say 10-20%. See how you do, and that way if it backfires you still have 80% of your position in the bag.
There are sooooooooo many predictions, you will go nuts trying to follow all of them. I would say just try to get a sense of the long term for the coins you have, that way if it drops and you get nervous you know that it will rise again.
Hope this helps man.
Yes,.been there and done that repeatedly. Crypto is great for day traders if you know what the heck you are doing. Stick with swing trading or long term.
Hahahaha, You are exactly right, been there and done that. Sold it thinking it will go low to buy more and next thing you know you end up buying for more.