Learning to TRADE....!!! It's all just A NUMBERS GAME!
We'll see how that goes...
We’re looking at approximately 3 days of trading on ByBit (a no KYC exchange, I'm trying out). BTC has gone from roughly $46k to $41k, which isn’t all that unusual for crypto, but if you look closely whether the market is going up or down there is a way to buy low, and sell high. It’s in constant movement, so you can always make a profit.
I am just starting to figure this out, watched a couple videos on how to read a candle stick chart and I tried a few trades on TribalDex to see if I could recover the DEC I had been buying for Splinterlands. If you pay attention to the market, you can really make it work for you.. it does take some time to get used to it, and as I learned yesterday, fear of missing out is a thing. Never let that hinder your decision to buy or sell, it could backfire. I didn’t get hurt too bad, I sold lower than I had wanted to, minutes later the price went up passed what I had originally anticipated!!!!
You can see the trading history on this specific market… for now that’s what I’m following to make a decision to buy or sell.
Eventually, if I get into this a bit more, I’ll let you know how I’m doing what I’m learning. For now it’s fun, it’s a new thing to learn, and there’s a possibility to make decent coin! I’m turning 27000 DEC into 40000 DEC. SO far it’s taking longer than I thought it would, but I’m also very conservative, and I am not sitting in front of my screen all day long to trade quickly.
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