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

[yukimaru]

I was kicked down the pit and fell halfway! :3

Comments

[xaero1]

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
  😀

[yukimaru]

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^