Crypto Trading Is Only For Risk Takers
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Last night I sold my 3.20 Solana (SOL) just with the profit of $2 and little more. I was so bad at holding because a little wait could help me to make $8 or more in trading of 24 hours. After this incident I believe that trading is actually for risk takers and also for those whose know when they should buy and sell. Holding coins are the key to success in this field and I know it very well but I can't see my money getting down and that's why sell it in rush and try for next trading.
A day before yesterday I bought Solana at high price rate and when it was getting down my palpitation started and I was regretting that I couldn’t wait for the dip. My asset value were decreased so last night when I say a little pump I couldn’t hold my emotion and sold it even it helped me making $2 in 24 hours. But still it was better than having palpitations and fear of loss. My fear of loss already cause losses of around $200 in this March and more than $50 is recovered so in this situation I'm not ready to take any kind of risk investment.
Where I was wrong? The profit could be more than $25 in 24 hours if I bought my desired crypto coin at lowest price of the day but I bought at highest price and it cause regret. Buy now I've no regret because I sold it for small profit and ready for buying next time when price will be down. I may switch coin as there are many coins in my favorite crypto coin list which worth trading and profit can be satisfied. Bitcoin price trying to reach next milestone of $75k and this morning crypto market is showing green candles.
Prefer holding money to buy at lowest price as much possible because only this can help me making good sum of profit. Honestly I'm not brave enough to take risk on trading but sometimes I take risk and bad at holding coins for the right time and this cause some losses. The time I spend for recovering previous losses, that time I could wait for the right time to trade but sake of regular trading I try to take risk and accumulate crypto coins when price is down.
Here was my recent trading experience that I shared above. I'm waiting for buying my desired coin once again but market is green and this is not the right time for me. But I don't discourage investors buying because they trade for long time and their investment help them having big amount of profit. So market is always open for investors and whoever can wait can be a gainer not loser. Risk taking can be fruitful when we can wait for the big. That's all I want to say!
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