Day trading is very tricky, its about patience, you cant just jump in and expect to make profits. you should have play with a little at a time, thats what I did, I also lose btc but very little. There are a lot pumpers and dumpers out there, so you have to watch for those type of groups. you must learn not to jump in fast when prices are high or when is dead. like dogecoin rigght now and vertcoin.
Doesn't day trading mean you buy and sell on the same day? How much patience do you need in a day? And fuck vertcoin... I bought someone of that too but haven't looked at it since it dropped almost in half right after I bought some. I hope its not a threat to LTC, fuck vertcoin
This is destructive thinking that will lead you to sell at your break even point. It will tgen continue to rise into next bubble, you will panic buy back at a loss and then lose money again as you panic sell the crash.
Buy hodl
Buy hodl more
Repeat
Be happy when it rises. Your investment goes up.
Be happy when its falling so you can buy hodl at a discount
Buy hodl
Buy hodl more
Repeat
Be happy when it rises. Your investment goes up.
Be happy when its falling so you can buy hodl at a discount
I'm not selling at my break even point... I did not risk this much money just to get it back after experiencing so much stress and sadness. I want to come out on top. If we see another bubble and break ATH... I am thinking of selling around the $2000 mark just in case that ends up being a barrier. But I have to see how fast we get there, and if we quickly shoot past $2000 I will hold til $3000/btc, or sell as soon as we drop 15% from ATH. I could keep holding and hope that there is another bubble after that sometime in 2016 but I would rather take some profits and get back in at a lower price since all the bubbles so far have come down and created better buying opportunities. Something I should have done while I was ahead since Nov.
But I suck at investing/trading... what do you guys recommend?
