Hey guys welcome to another crypto lesson , this is a recap of the things that i've learned, so without further ado let's jump right in :
1
All crypto currency exchanges have been locking up , or their servers crashed when there's a big volatility .
When the markets are making big moves , sometimes you can't actually execute a trade when you want to , so the way you deal with that is , if you think you're at a profit target and you think the markets gonna have a deep pullback , you need to start selling before the market starts to roll over , and the reason to that is :
when everybody run for the exit at the same time the exchanges lock up and you'll get errors .
2
This is kind of funny but it's true , trading brings out all your emotions to the forefront
fear
greed
hesitation
All of these things come out when you're actively trading and you have to deal with them .
3
The hardest thing to do in trading is : NOTHING.
But that's also the thing that can make you the most amount of money by sitting back and letting a trade work.
4
This is a big one for anybody getting into crypto right now :
just because a market in a bubble , doesn't mean it's going to die.
There's this misconception that i see in the media all the time , and yes BTC has gone through half a dozen big bubble cycles and each time , BTC recovered to have a higher price over time .
I hope this was helpful and you guys learned something and if you like it please up vote me and let me know what you think about it in the comment section.
Thanks for reading!
Thanks for following @chahir99 .
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