Crypto Trading

in Tron Fan Club6 months ago

Assalamu Alaikum


How are you? By Allah's grace, I'm doing very well. Today, the topic I want to discuss is crypto trading.

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Let me talk to you about a mistake that 98% of people make and most people lose because of it, we don't think about it very well, should we actually be the action here? So let's discuss it in detail today. The biggest mistake that we who trade in crypto make is that we sell our winner coin and buy the loser coin. But here it is very important what is your target or what you are actually doing. Some people do not know whether they are trading or investing. So if you are investing then the strategy of investing will be different and if you are trading then the trading strategy will be different. You can trade with any pattern, with any news that is short term and emotional less.

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For example, if I give an example here, here you can see that there is a very good resistant in the black spot area. So when the market comes to the place of the red circle, if it cannot breakout, then the market will take a little correction from here. And if it can breakout then our next target is $115. So you go long from here, again when breakout and of course use stop loss here. You can catch 97 dollars under 100 dollars. Now it will either go up or down. This is your target, either stop loss will be hit or take profit will be hit. Now you can trade futures or even in spot always same rule, same fundamental. You are not here to hold. Maybe you have come for some particular news, then you have come here to trade for some pattern. Your time here is over, you have nothing to do with this coin but investing is a separate matter. Now it's about the short term, you first need to identify what you really want to do. Trading seems very easy to everyone, everyone thinks that I am a genius, I can make a lot of profit if I trade, but the trade is a lot, when you take a trade, in a few hours you will see that you will either be in profit or you will be in loss.

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So anyway we always sell our winner coin and sell winner and buy loser coin. Let me give an example, since sol coin is pumping so much, many people here will sell sol coin and assume that they will buy any layer 1 blockchain from below. Buy a coin that is always down and doesn't pump much. This is a common trend in the market. And this trend is the weakest trend. It's a simple matter, you invest in five coins, but not all the coins will be successful, I know that you also know, but what we do here is that some of the successful coins are pumped 5X, 10X, we sell that coin and become a loser. I buy coins. In which there is not much hype, so we should understand the strategy and trade.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.

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Upvoted! Thank you for supporting witness @jswit.

Nice explanation about crypto trading.thanks for Sharing

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Thank you very much for your very detailed explanation about Crypto Trading.

Well the concept of crypto trading couldn't be explained any more better than you have done. Well done friend.

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