When Target Is Big, Its Worth Waiting
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Crypto coins were pumping and the green candles surely made crypto traders and investors overwhelmed but BTC this morning again bellow 27k but it was pump more than the 27k. Other coins also pump and showed some positive sign. Unfortunately the pump didn’t reached the target amount of many and you can count me one of them.
When we target to reach our expected amount then its worth waiting so I'm waiting. Suddenly crypto to the moon maybe not possible but at least we should target a little high when its pumping. For example, a coin is pumping to 2% then its worth waiting for at least 3% of pump though its not promised or market can show you anything and sometimes it can surprise us or shock us with the pump and dump of price.
What to do? I asked my mind and it sent me signal of waiting and this is not the right time of trading when I've a little amount of crypto asset. Sometimes I wish to invest 50% of my asset but here taking risk can be fruitful too. So with that hope I'm expecting and waiting for a little more and I believe the waiting worth it. What about you? Do you wait? Or sell asset for small profit?
Honestly I may sell for a little pump and I may not able to make expected profit. I didn’t took a chance so I stopped trading when the time is not right for it. If I'm going to sell asset right now then it will be a loss of money so the right time still on the way and will take time to reach my minimum expectation.
Even if today crypto coins go to the moon by chance then I will make expected little profit, do you know why? Because I set price for sell and I don't have dollars to buy again right now but when the price will be down then I can make some. I do random trading and these days practicing patience to avoid losses and Making a little profit.
Not necessary you also follow my strategies but I do buy sell to recover my lost asset instead making profit for personal use. But balancing is important to avoid any kind of big loss. Taking risk is fine when we afford waiting for the big. Last year on October crypto coins value was good enough, let's be hopeful for October. Many asset holders we get big reward on next pump but I'll be happy with a little.
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In my case, I am not a big dreamer. Even if half of the target is achieved I sell the asset in the middle of the way let's say the target is a coin increases by 10 % having 500 $ in it if it increases to 525 $ (5 % profit) I sell the coin unless of these scenarios that could happen coin reaches 8 % then fall down to -6 % of value or even 7 %.