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RE: Bitcoin (BTC) Morning Update: ALL TIME NEW HIGHS!! Still Phasic with Bitcoin Cash (BCH)? Find out in this Analysis!
I'll share my own example guys..even after investing all these years i liquidated Bcash after laddering in for weeks at around $300...i got out thinking that it would collapse after the fork cancellation...not sure what i was thinking, but it's a great example of not paying attention to the wave counts and just going with my gut....it stung real bad and i missed thousands of dollars in profits...follow your counts guys and be patient
The number one mistake I see by new crypto traders is selling early on a dip....especially if they didn't listen to the advice to ladder into and out of a position. Sure enough, one day, two days, hell sometimes 10 minutes after you've moved your money trying to hit the next potential jackpot, paying fees both ways, What you got worried about and quit on gets to a pressure point and shoots up 180% in one morning....but you ended up selling both at losses in the end.
Thanks for telling that, it's great for new readers to hear where others had missteps in the hopes of avoiding it the easier way rather than the hard way.
Patience, and truly realizing there is ALWAYS A WHOLE LOT MORE TO LEARN. The basics are very helpful, but understanding the nuance of patterns and trend changes takes time, and study, and experience. There is so much information in ALL the videos (I know that's too much for some people...that's kind of the whole problem essentially), and it gets explained in many ways, and hammered in over and over.
The More Darkness You Reveal
There's True Patience, and battling That is the Need of quick or even instant gratification, that We have come to expect...aka Greed...combined with uncertainty due to lack of experience and repetition.....bring in Fear.
Patience to watch and not always make moves, unless you understand exactly why you can be confident in that position. Patience to read extremely long replies like this one, that I bet most people stopped reading by now. That kind of patience. Because if you have that kind of patience, well, then before you know it
Thanks for the post scarlet7...love your contributions as well...cheers
It's fine. It'll leave an impact and you'll learn something out of it and grow to be a much better trader. Plus those failures will haunt you in a productive way keeping you in check.
Happy Trading!
Absolutely...i wanted to share this with everyone to show no matter how long you've been in the game, we are human and to not let news or gut feelings that make you (as haejin points out) shoot from the hip overpower your wave counts...cheers vimukthi...you are a great contributor here...love the comments
if you buy something at the bottom honestly there is no point selling it. I always see it as me being on top or even staying even. Like bitshares is an example. Its still cheap compared to what it was ATH 42 cents. I bought it around 8 cents. Should have gone in at 4 but got too busy/lazy. Buy at the bottom just hold. Take for an example OMG, its consolidated for so long. I think I am gonna buy couple of hundred of those and holding on to them might be fruitful next year.
Yeah i like OMG....it's a solid project and the buzz it has created along with it's followers should propel this one for the foreseeable future