In my case the most profound thing is that crypto trading is not that special as many people think. By trading I understand the process when you buy crypto with a leverage in order to sell it in a particular point (by stop loss or take profit), that is usually less then 1 day. When you hold your position for a long time waiting for a pump then this is more like investing.
Crypto trading in some cases may be less attractive and profitable then forex trading. All this crypto volatility may be easily compenssated with a higher leverage on forex but in exchange you will get more stable market that won't suddenly dip if someone in chinease government say anything about crypto.
Topic: MOST PROFOUND THING YOU LEARNT SINCE YOU JOINED CRYPTO TRADING (Read 98 times)
The most profound thing I've been learning since I am in crypto is that you really have to buy low and to sell high. It's not just a way to say. And each time you fail to do either of these two things, you are likely to lose money. And you really have to do both, doing only one of the two is not enough.
i entered crypto around August last year, it has been a rollercoaster that has seen my portfolio drop significantfly for holding too long but in the process i have learnt so much i want to take my second chance beginning this bear market. I want to be a mid-term not day trader and go all in in some of the recently listed projects that have not multiplied significanlty. then go for the huge caps that are a bit more stable. Am jst learning, not sure how to approach taking profit yet, i dont live off my crypto earnings, planning on digging into this after a year or two when i am done with campus. other helpful pointers to prepare for the potential bull market
Jump to: