Lessons to learn from Crypto #4
Trading can be fun or a Mess even if you are new the luck may be in your favour but don't do anything when everyone see it as an opportunity to gain quick profits out of now where
Lesson No $4
Don't Panic when everyone is Selling when Market is Red Hot Down !!!
This is a thing i remember now and as with time you will get mature enough to handle the pressure that you see around you where everyone just get panicked from the sell off in the market as they are facing loss so only invest as much as you can face lose not over it as crypto can give 10 times the profit in short time and also the 20x loss in a very short moment of time too.
So learn patience in this and don't panic sell in this time you will get rewarded for your patience.
PS: i have done this mistake once of selling in F.U.D and quick sell off market so i know that experience.
Have and amazing lovely day peep's ;)
Enjoy.
That’s why I’m sitting back and relaxing , don’t stress over things you can’t change . It’s all part of the cycle
That's true crypto is all about patience :)
I go also through this traders hell. Been screwed many times. I found out that knowledge is the best answer to this type of problems. I start to study markets and technical analysis of price movements and now I'm doing fine.
Check my last analysis here.
I also decide to split my knowledge with you my dear Steemians.
Warren Buffet once meat rich man asking him to a financial advice. The man was rich but without knowledge. Warren give him a nice advice and you know how the story ends.
Warren walks away with money and rich man with knowledge. The man was not to worried, because he know, knowledge he have, will make him rich again.
Great thanks for sharing ..have a nice day :)
Lady you are welcome! (Always, anywhere)
I have some investment in the Crypto market. Your post is very important, thanks.
glad to know that you loved it thanks for your comment :)
Wonderful advice. You could not have said it better than this .patience is what we need and not panic. Thanks Nice post.
Wonderful glad to know that you loved the post :)
I agree @blazing .
And sometimes you need to stand back and do nothing at all just to see where the chips well fall.
Emotions have no place in trading.
Very true emotions have nothing to do in trading
Absolutely. This is a rocky road, not for the faint-hearted.
hahah so true !!