What i learned is to have a trading plan and don't let emotions (like fear or greed) overcome this. Over the years there have been so many missed opportunities where i thought, "this is looking bad, maybe i should sell/buy" but then i never followed through with action because of emotions.
Trust your instincts. If you do the necessary research then you have no reason to not feel confident about your trades.
Topic: LESSONS FROM CRYPTO MARKET - page 4. (Read 2442 times)
I my opinion crypto market is the best training ground for trading. I learn to trade in crypto market first before I learn the nature of stock market which likely an opposite experience. But at least it is advisable that you should learn the basics of stock market trading before you engage in this volatile assets.
I learn more with crypto for patience, by joining with cryptocurrency I get lesson where I have control my emotion when trading or investing. When price higher I have sell without waiting again to control my emotion I sell it, and buy when price down for take much profit with my bitcoin and altcoin assets.
That is learn through your experience and we have lucky to be here early as we know how to manage ourselves when the same situation in the past happens in the future. It's just about how strong we can hold and that patience is really important, and if we are already aware on how the market moves, we will not easily panic even if we will witness a long bear market like over a year already.
I think the best option to make is to watch the market more often and if the price drops too quickly, it's better to sell to gain profit than to have significant loss. That's why Bitcoin investing and trading is higher risk than other forms of investment, so one must have high emotion tolerance to make the right decisions as much as possible. The most important thing is to learn from those mistakes and use those lessons to make yourself better.
Very big learning being an investor on cryptocurrency is, opportunity should never be missed. Once missed there is no assurance whether we'll get such an opportunity again. This happened with my portfolio, because what(tokens) valued more than $20000 is now not even $200. All that we can do is just hold with positivity in mind.
I learn more with crypto for patience, by joining with cryptocurrency I get lesson where I have control my emotion when trading or investing. When price higher I have sell without waiting again to control my emotion I sell it, and buy when price down for take much profit with my bitcoin and altcoin assets.
Cryptocurrency has taught me several lessons and each lesson grants me another experience level in my cryptocurrency investment adventure. One of the lessons that cannot be underestimated is the ability to exercise patience and not to panic sell. The past two days experience of BTC is a classical example because BTC fell to $7.7K but now back at $8.2K. This shows how the impatient and panic sellers may always end up losing.
For me, the biggest lesson I learned was righteous.
we should have the right opinion and knowledge to analyze projects to invest correctly.
Because I used to lose $ 4k2 in one investment in a project at the beginning of 2018. The project is called Current. I did not analyze the team and only rely on good news to invest.
It is still working very well and has achieved many achievements but until now, investors have not yet received a token because the CEO always ignored the messages of investors.
we should have the right opinion and knowledge to analyze projects to invest correctly.
Because I used to lose $ 4k2 in one investment in a project at the beginning of 2018. The project is called Current. I did not analyze the team and only rely on good news to invest.
It is still working very well and has achieved many achievements but until now, investors have not yet received a token because the CEO always ignored the messages of investors.
Lesson number 1. Expect the unexpected! Anything can happen, and probably will, sooner or later. That`s why you need to play it safe, to expect things to get worse, or to become better, and to have in mind what to do in both cases. Never trade with everything you have, never buy with everything you have, always have something on side that can cover you if things starts going in the other unwanted directions.
When you expect the unexpected you are rarely surprised by the price movement, in either way. You evaluate the current situation, this step involves understanding the position where are you, and you act accordingly, if you think price will go down more short it, if you think price will go up buy and make your position stronger. Always have money that can cover you if price drops more, always have coins to sell if price moves up.
When you expect the unexpected you are rarely surprised by the price movement, in either way. You evaluate the current situation, this step involves understanding the position where are you, and you act accordingly, if you think price will go down more short it, if you think price will go up buy and make your position stronger. Always have money that can cover you if price drops more, always have coins to sell if price moves up.
Greed rises when you see uptrend situations that you want more and thought your profit will get plenty but everything change when market downtrend that people will starting to being panic and fear to loss so OP says makes sense that this always be happened to us but maybe the lesson from these you can learn how to control your emotion while involved in crypto and starting to set up your profit or your loss
I have repeated many times that transaction error and I think the investment plan and trading style is a very important thing that we must not change it.
Planned work, high discipline will bring good results in the field of investment. That's what I learned after a series of failures.
Planned work, high discipline will bring good results in the field of investment. That's what I learned after a series of failures.
There are so many lessons that i have picked from my trading activities. First you have to know that in your investment you only lose when you sell your cryptocurrencies. Supposing you purhcase bitcoin at the recent $13k and now it has reduce to about $10k. If you are not caught up with fear and hold you can still gain profits when Bitcoin further increases again. But most crypto noobs get scared anytime the crypto market crashes and things go down. They tend to forget that cryptocurrencies are volatile and their prices changes from time to time. Always go in for a long term hold and you always make some good profits.
After a year, a lot of lessons that we did learn. There are 2 precious things that I think I should remember:
+ Fear
+ Greed
I learned that from my teacher, he said when you buy Bitcoin at 10k, it's then $12k your greed rises inside you and you don't want to take profit and expect more. Then, the downtrend is coming, BTC goes down to $8k, you'll be scared to cut loss, and what'll happen, you lose more while BTC drops to $4k.
So, we need to set up your expected profit point as well as the stoploss point.
How about you, what is your lesson?
What you are demonstrating is more because there is no analysis and set goals in your actions to trade or invest in cryptocurrency, so you are fear and greedy for the conditions in ahead. It is also a suggestion for some users that analysis and strategy are important so that they are not too caught up in fear and greed. + Fear
+ Greed
I learned that from my teacher, he said when you buy Bitcoin at 10k, it's then $12k your greed rises inside you and you don't want to take profit and expect more. Then, the downtrend is coming, BTC goes down to $8k, you'll be scared to cut loss, and what'll happen, you lose more while BTC drops to $4k.
So, we need to set up your expected profit point as well as the stoploss point.
How about you, what is your lesson?
Everyone in the crypto market has a high target for profit. Instead, they have a very small target for the loss so greed will always be side by side with fear of loss. The lesson besides that is patience. Everyone involved in the crypto market-tested mental patience to buy and sell.
your greed rises inside you and you don't want to take profit and expect more
Wow this is literally me. The whole trading story
Wow this is literally me. The whole trading story
What i have learned from trading is that we should have patience. Truth be told all of us wants to reach the peak of a coin's value, that is why we hold onto it until it reaches a certain point where the price exceeds our expectations. We should get rid of fear out of the equation as it would just urge us to sell coins at a relatively low price. Greed however, is just fine. Just like what i have said, us traders are not satisfied with the current value of our coins. Though OP is right, we should set a certain point where we could sell our coins.
according to my personal experience in the market when prices are relatively low, that's when we start to make purchases and must always know the information before buying
Before investing always do a research on the project were you want to invest. Only invest what you can afford to lose, dont be so greedy always have some patience
I have learned a lot of lessons from crypto market and the best lessons i learned is not be greedy and always choose the best coins to invest, because if we put our money on promising coin like ethereum and bnb for sure we can able to make huge income.
From my experience, those do make one lose money, confidence is the key I think. What I invested from my previous trades are only from bounties so I'm not that paeticularly frustrated, tho many traders still struggle eventho they're much more experienced than most.
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