Can someone help me out with trading?
Hi! I've been following cryptocurrencies for 3 months. I've been trading for 2 months, and I haven't made any money. (I haven't lost any, either.)
I've had a string of experiences that led me to be very cautious:
-
Wanting to test the waters, I bought $1000 worth of BTC when it was at 4,000.
-
Literally the next day, BTC crashed to 3,000 (China). That was my first experience.
-
Resisting the urge to deposit more money, I waited 2 long weeks for Bitcoin to rise back up to 4,000.
-
Frustrated, I took the advice of a trading group and decided to trade my BTC for altcoins to try and build my account.
Literally the day after I bought the altcoins, they started plummeting. I watched as my coins dropped by 50% over the course of another 2 weeks, while Bitcoin skyrocketed nearly 50% from 4,000 to almost 6,000.
Eventually I recovered from this loss, bringing my account back up to $1,000.
I deposited another $30,000 since then, and I've been day trading and position trading small amounts, but I've only broken even. In 2 months of trading, I have NEVER actually made a profit. I've watched bitcoin go from 3,000 to 8,000 and somehow I haven't made any money.
I feel like a fool.
How can I improve?
Over the course of the last two months, I have had NUMEROUS "gut feelings" to invest heavily in certain coins. For example: AEON, MONA, NEO, and ZEN.
But I resisted those feelings because everyone says you cannot trade on emotion.
I watched in horror as those coins rose 100%, 200%, even 600%, days after I had ALMOST invested in them.
Enough is enough. I can't stand sitting on the sidelines anymore with a lump of FIAT in my pocket. Can someone please point me to some genuinely good resources for how to become good at trading cryptocurrencies?
[link] [comments]
Read More
