Trade set up for 30% profit - Part 4
Well that didn`t go well!
This trade was a huge fail and I took a 100% loss.
The market did not have its usual pump then dump, it just stayed flat all the way thought the 14 day cycle.
Take a look at the chart below and you`ll see how the pattern was broken this cycle.
Maybe that big green candle on opening day which was huge anomaly was a sign something was up and things were not going to play out as usual.
For me now it is time to rest and lick my wounds and move on. It is emotionally hard to lose money on a trade and I have found the best way to deal with is to step away and take a short break.
On the positive side, it was nice to see Bitcoin taking a leg up this week. There is now a juicy $300 USD premium on Bitfinex, man there is always something to keep a crypto trader busy.
That sounds super bad trading experience there. I had one too where I lost so much (Sirin Lab Token) worth $3,000 USD. It was a tough loss, but I need to more on from it.
Hi @jassennessaj, thanks for your comment. I wouldn`t say it was a bad trading experience, it was just a bad trade, and I have sure had my fair share of those so it is nothing new. It is just as well that I also have good trades ;-)
That's great to hear @bistonic. I like your spirit! Yes it is. You just had a bad trade. That one was my worst. But other than that, I had some really good trades. Its crypto, we'll never know what will really happen :)
@bistonic, Unfortunate to know that you faced 100% loss. And while watching this chart literally it's reflecting as broken and it's reflecting as Art Of Mountain. And for sure Cryptocurrency Sphere is super dynamic and sometimes what we think can get the Flip Of Coin situation. But surely i will agree with you on one point and that is, Cryptocurrency Sphere hold many opportunities and in my opinion it's just matter of finding it and yes, for sure Crypto always keep us busy. Take good rest because in that way we can find the new boost and we can rise once again with the mindset of Moving Forward.
Wishing you an great day and stay blessed. 🙂
Thanks @chireerocks. I`ll make sure I get some rest, ready for the next battle of crypto trading :-)
Welcome and great to hear that. Good luck and wishes for the future Tradings. 🙂
Yep, you need some rest like once per week.
Thanks @chuuuckie.
Yeah rest is always required for me after a loss ;-)
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