I've been too busy trading BTC and ETH! It's been a crazy week, but a good one too for trading. Seems to have finally calmed down a bit (but that never lasts!)😀
It is really difficult to learn to sell near the top (since you could miss out on it increasing more),
and it's really difficult to learn to buy when everyone has panic sold (because it could keep falling), of course. But this is the way to make money trading: buy low, sell high (sure you've heard that before! 😀)
But, there's also the buy and hold strategy, and I still have a pretty large portolio that I don't trade, primarily consisting of steem power. This is very easy, as I just don't plan to sell whatever the price goes to! And if it goes up in value, then I didnt even have to put in any work to earn that :)
And I would have really liked to post 'buy now' at exactly the bottom (and in a way feel bad that I didn't!)..... but the truth is it's very difficult to catch it. Everyone is trying to do this same thing ;) And making posts would make this task harder.
In fact, I wasted $1000s by buying and then selling, before it hit the bottom. Still eventually made pretty good return. But unlike, say with this post I made here...about spotting a MACD change over, trying to figure where the bottom is during a crash is not so easy. The one thing that is very easy to predict is there is always a good bounce, once you have found the bottom: and not getting a 50% retrace back up is pretty unusual In my experience.
Heyyyy.. thanks - you are so kind!!
I've been too busy trading BTC and ETH! It's been a crazy week, but a good one too for trading. Seems to have finally calmed down a bit (but that never lasts!)😀
aahah you were doing very much back stage :P i missed the opportunity to invest at the rate of $1900 BTC :(
Yeah... do you trade much?
It is really difficult to learn to sell near the top (since you could miss out on it increasing more),
and it's really difficult to learn to buy when everyone has panic sold (because it could keep falling), of course. But this is the way to make money trading: buy low, sell high (sure you've heard that before! 😀)
But, there's also the buy and hold strategy, and I still have a pretty large portolio that I don't trade, primarily consisting of steem power. This is very easy, as I just don't plan to sell whatever the price goes to! And if it goes up in value, then I didnt even have to put in any work to earn that :)
i don't do much trade just bought and kept it for investment would like to learn more of trade but at the same time fear hit me back.
Yeah I've also found trading very difficult unless you can make it your full time job...I badly need a break hehe:)
hehe you deserve it :D
But yes, you are right!
And I would have really liked to post 'buy now' at exactly the bottom (and in a way feel bad that I didn't!)..... but the truth is it's very difficult to catch it. Everyone is trying to do this same thing ;) And making posts would make this task harder.
In fact, I wasted $1000s by buying and then selling, before it hit the bottom. Still eventually made pretty good return. But unlike, say with this post I made here...about spotting a MACD change over, trying to figure where the bottom is during a crash is not so easy. The one thing that is very easy to predict is there is always a good bounce, once you have found the bottom: and not getting a 50% retrace back up is pretty unusual In my experience.