Blog:215-2nd Date :December 05,2022 Time :02:02pm
I've been trying to learn how to trade using Stormgain for almost a year already but I never tried to invest my own money in it, not until last week. Since I wanted to earn a little bit of profit so I decided to deposit some BCH to my stormgain account.
Since I already had $4 worth of BCH in my Stormgain wallet I decided to deposit around $6 worth of BCH so I could have $10.That's the minimum amount to trade. After I deposit that said amount I had to wait for a day to Buy the BCH/BTC pair since the BCH price was up around that time.
So November 29 I tried to open a new trade. Hoping to get a small profit so I set the take profit around 30%.So my 0.10BCH got a small profit which is
0.02700 BCH(3.2922 USDT).Not that bad at least after a few months after I stop trading I gain a small profit. But my luck didn't last long as for my next trade I lose all my investment.
Since the BCH price goes dip so I grab the chance again to buy the BCHBTC pair around November 30 but I was not lucky enough to get a profit I also lose all the capital that I had invested worth 0.10BCH. I know it was my fault for now choosing to close the trade before it was too late or setting the stop loss.
Now after what happened I regret investing my own money into trading. I know trading is like a gamble. Crypto coins are very volatile and we don't know if they will go up or down. That's the reason why I am always hesitant to invest my own money into trading coz I am afraid to lose. I am a noob trader. I still have a lot to learn about trading.
For now, I will just continue the Cloud mining in Stormgain even if it will take time to reach their minimum withdrawal which is $10USDT.I will just use the USDT that I will earn from cloud mining to trade so if ever I will lose again it will be easier to accept that I lose. Hopefully, I will earn even just a little profit soon.
How about you guys? Are you into trading too? Or do you have any experience with trading?
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