HOW TO PROFIT IN A RED MARKET OF CRYPTOCURRENCY

drkslick (25)in #smartcryptotrader • 7 years ago (edited)

If your down on your portfolio, i want you to know that your not the only one. Being in a position your in right now is going to determine if your going to enjoy this market. This happens to every market. Market is all emotional, being unemotional can give you a slight edge.

If your down on a coin, hold. the ones that hold reap the profits of the market. If its down then its only going to go up so you have to be patient. In this current market, you can't prevent this from happening. Technical analysis can help tell you how far its going to go down but doesn't always work when the market is declining. Don't feel like you could have prevented this.

The reason you might feel like you might have missed out is because you didn't make profits. The whole point is to pay our selves so have a profit target for example 10%.

Don't feel like you made a mistake. This is expected in a buyer/ selller market. Its all about being smart expanding your knowledge. The more you learn the more you earn.