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RE: MY 1ST TIME IN CRYPTOTRADING.... & IT'S A MASSIVE FAILURE. (Read and learn my fellow Steemians!)

in #tilphilippines8 years ago (edited)

I've been trading for 5 years......and I still sometimes buy into 'FOMO' big green candles!
Occasionally, it works but often not....you need to quickly bail out as soon as your position turns into a loss, I find.

Now, I really only try to buy at 'the prefect moment', or not at all!......otherwise the odds of a reversal below your buy in price are very high.

Perfect moments for me are:

  • end of a triangle pattern
  • very tight b-bands
  • ema cross-over
  • ema lines coming close but then moving apart
  • MACD turing green
    😀
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Thank you for the insightful words Mr. Snow... :)
I understood at least the first 2 paragraphs, but the perfect moment list made my brain go BOOM! ^u^