Trading Crypto With Writingamigo: Why you don't propose at the funerals or importance of the timing.

I am pretty new to all the trading stuff, so I won't give any valuable TA just yet. I am learning myself, so I might write about some freshly learned things later on. For now, I can only give good advice on what to buy yesterday.

Obviously, Einsteinium was your pick yesterday. I hope you bought it. Thank me later!

The good thing about this advice - it is genuine and 100 percent profitable. Bad thing... the timing of this advice.

As you can see, we might have all the information and talent in the world and still lose because of making right decisions at the wrong time.

Trading is a lot like proposing. She might want to say yes with all her heart but you can still ruin your chances by proposing during the funeral of her grandpa.

Disclaimer: I haven't tried that.

So, I am learning the hard way how important it is to buy/sell at the right time. I went in for a couple of FOMO trades and I regret it now. Of course, at that time it seemed as if I was becoming a millionaire... but I cannot see my castle just yet...

And sometimes it can be a matter of seconds which make you rich or poor. You can have it all analyzed and predicted just perfectly, but make a move a little to early or late. And you know what? The basket doesn't count if it was made after the shot clock ran out.

Don't get hyped, especially when everyone else around is hyped. Emotions mislead, destroy your concentration, and make you miss your chances.

It is sometimes too hard for me to follow my plan. For example, whenever I aim for 10 percent profits and I see the currency hit the price, I wonder "What if I let it grow a little bit more?" Most of the time it grows down to deep minus. And that, my friends, is bad timing mixed with greed.

You know what else is bad timing? Leaving computer for 5 minutes to miss an irrational pump. It happened a couple of times already and it sucks. It's like watching a soccer game (I bet I am not the only one who watches soccer) for 90 minutes, going to the toilet for a second, and missing the only goal of the game.

Also, let's be honest, all the TA in the world can go to hell sometimes when one big player decides to pump. I don't know what kind of magical powers a person must have to foresee it, but it is one of the talents of a good trader to jump on the train, ride it for a while, and jump off before it crashes.

The only people you should listen are the ones who actualy make profits. Others are just fools who know fancy words.

I can call those people fools because I used to be one when I was betting and playing poker. All the theory in the world couldn't save me from making stupid decisions.

Also, don't question techniques which bring profits in a long run. Some people look like they don't know when or what they are buying, and yet, they succeed over everyone else. What's the moral of this story?

Trade only when it's a right time. When is the right time? If I knew I wouldn't be writing this post now...

(I would still write this post)

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thanks for sharing!

You are welcome!

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