Controlling Emotions On Crypto Trading Is Not Really Easy
Image by Gerd Altmann from Pixabay
Crypto market is a place where emotions should be under control. Today bitcoin hit $60k plus worth price once again and my prediction goes right finally. As always I sold my crypto coins for a little pump and made a small profit when a little more wait could bring something bigger than the profit I gain. Not a big regret but it is hard to control emotions when market is getting green and I've no crypto in my wallet. In such situation I made wrong decisions in the past as I couldn’t control my emotions and bought high. As a result it cause long time wait and sometimes loss too.
Crypto market taught me two most important lesson that I'm following even it is not easy to me to follow. It taught me splitting money or crypto for trading and do not buy when market is already getting green or high. Beside these two I learned many lessons but sometimes fail to follow them. To avoid risky trading these lessons are mind blowing. Holding crypto coin is not easy for an impatient like me but this is also a part of the lesson that I must follow to avoid any kind of loss. Small profit Making sounds good but we should become thirsty for more or for lifetime financial freedom.
You may have different plans and different aims on crypto and I never want my people to follow my crypto trading strategies because there would be few plan that can ensure gain and the experts only can make the right plan. My plans are always about avoiding risk and risk takers are big gainers here. My prediction goes wrong most of the time but this month I'm pretty impressed with my own trading. Crypto market is on fire but this fire can't be useful to me until I could buy crypto again. And this time I'm not going to buy high.
This time I guarantee this, that I'm going to wait for red candle for buying my desired crypto coin. How long time it will take, not sure but I need to be sure about my action or next step of crypto trading. If my waiting can help me avoiding probable loss and also can help me gaining at least small profit then it's worth waiting. I don't expect much especially when my investment is small. The day I'll be able to learn crypto management, that day I'll take the decision of big investment and accumulating big amount need time and I need time too.
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