Topic: Trading sucks, I'll just hold my coins - page 12. (Read 25868 times)

Experience and time will make you mature on trading some altcoins. Holding is the best option if you are decided to leave trading, you just have to invest your faith and time . But the op can also go back and continue what he left behind.

The biggest mistake while you are watching huge price increase to read the people opinions in the chat or telegram groups. People are talking crazy things and they to much excited to think clear, logical and follow their strategy. If you unexperienced trader it's good idea just hodl strong assets like BTC or ETH for long term.

The biggest mistake while you are watching huge price increase to read the people opinions in the chat or telegram groups. People are talking crazy things and they to much excited to think clear, logical and follow their strategy. If you unexperienced trader it's good idea just hodl strong assets like BTC or ETH for long term.

True, trading is a very difficult thing. Hard to identify what are the coins that have a great chance to pump and will increase it's price. Sometimes i need to hold my coin to avoid some losses.

Some people (like me) lacks skill and patience in trading. And it's better for us to hold coins than trade.

Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.

I though I can trade. Buy low, sell high. Sounds good, doesn't work.

Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1

So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.

So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.

Cheers

Some people (like me) lacks skill and patience in trading. And it's better for us to hold coins than trade.

Yes, People do hate trading when the prices of their respective coins are decreasing continuously because here they cannot make some good profit or profit at all. The buyers they get are offering small amounts for their coins because of the decrease in market.

Overall trading is a nice job where you do make good profit when the market prices of your coin are in your favor. When the prices are low, just keep holding coins.

In trading it takes knowledge of trading and should be able to read the market well, know when to buy and when to sell, I also experience bad trading and hold my coins in a long time, but that is normal in trading, keep patience and passion for trading

What do you think about trading tools?
If you  are using some what tool is it?
I personally most likely would use backtester.
I have often male good decision, but   have too less courage to risk higher amount, so my profit isn't big