Gainer coin or loser coin?
Assalamu Alaikum
How are you? By Allah's grace, I'm doing very well. Today, the topic I want to discuss is gainer coin and loser coin.
I will talk to you about some of the common mistakes that we all make and that causes most of the people to face losses in the crypto market. And none of us think about it very well. We don't even know what we should actually do here. So let me discuss the way to get rid of this loss. The mistake that traders in the crypto market make is to sell all the gainer coins they have and buy a lot of loser coins. Here it is very important what you do in the crypto market. If you are a trader then you need to work on trading strategy. And you can do this trade with any pattern, with any news that will support both short term and long term.
Now you can start with two things in trading. One of these is future trade another is spot trade now you can trade future if you want or you can trade in spot also you want. But you always have to follow the same rule. Because trading is not about holding coins, you have to work with a particular pattern. So the short term thing is understood, first you need to understand well then you need to identify whether you want to do short term trading or long-term trading. But everyone thinks that trading is easy, everyone thinks that I am a genius about trading. If I trade, I can make a lot of profit, but the trade is not so simple. When you take a trade, after a few hours, when you look at the market, you will either be in profit or you will be in loss.
However the mistake we all do all the time is we sell our gainer coins when it pumps and instead we buy some loser coins. We all know about this that if we buy 10 coins not all of them will be successful. Out of it maybe 6 or 7 coins will be successful and rest may be unsuccessful. So all these things should be checked and worked well.
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.
Upvoted! Thank you for supporting witness @jswit.
Sometimes I myself make this mistake! Sometimes I think it's a good coin and I sell the coin thinking that it will go down now, but that coin is a huge pump!
Thanks for sharing this, indeed I believe it's important most times to hold onto our gainer coins like you pointed out as they are likely to continue performing as long as market condition remains good like sol for instance. Thanks for sharing.
I came to know about Gainer Coins and Loser Coins today through you. Actually this information is very important for us. Thank you so much for sharing such an important topic with us.
The list of gainer and loser keeps on changing every day but I think this is one of the important metric that one can use to figure out how market is going.