You've done the research. You've implemented a good strategy. But your portfolio ain't doing good. Are you doing it right? Or is it just a matter of new perspective?
If you have come to this point and you start doubting your trading career, it is time to step out of that box and look at things differently.
There's no other way but UP. The question is, when will it go up?
1. Keep your head up high!
When things go wrong as they sometimes will ...
It's when things seem worst that you must not quit.
--- From the poem Don't Quit
You can't control the prices to go down BUT certainly, you can control to keep your head up high! In times of losing trades, once you quit, it's done, you're done and you can't take it back. It's over when you say it's over.
Control your faith by moving forward... keep moving forward!
2. Re-evaluate your goals
If you are not hitting your 10% target gain, then lower it to 5% if still doesn't hit then 3% is good enough.
Is your goal Specific?
Is it Measurable?
Can you still Attain that goal?
Do you find it Relevant to the current state of the crypto market?
Did you set a Timeframe for this goal?
3. Hope is just around the corner
you've gotta find it, but you can't find it if you are so stiff and close-minded!
Listen to your peers. Seek for advice. Talking to a focus-group about new ideas helps you gain more perspective on what others are doing, what is working for them and what might work for you. Don't get stuck on that cubicle forcing your way into success.
4. It's not too late to change strategies!
People who adapt quickly, learn quickly and succeed quickly. If your strategy is not working, change it and move on to the next. Thomas Edison failed on too many iterations of his experiment before he finally discovered a working light bulb! That's a lot of experiments telling him he is doing it wrong. Had he not recognized the mistakes, had he not adapted new ways, he would have not given us the light bulb.
Don't be too vain to not recognize your mistakes.
5. Take a breather!
Staring at charts, watching candlesticks go up and down is too straining for the eyes. Sleepless nights, missed meals doesn't help the body either. The physical fatigue of trading is real, if not managed well, poses danger to your overall health.
When you don't expect your portfolio will change anytime soon and that green candle is still not showing, it's the right time to think about the state of your body (physically). Instead of staring red candlesticks on the chart, take a good rest, get a massage or go for a run.
Don't punish your body just because you're not earning. All the more that you have to reward yourself!
Trading with a new perspective is like taking a shower after a mud fight! After all those dirt and negativities removed, you come out fresh and smelling heavenly! It feels so GOOOODD!
VOTE @precise for witness at https://steemit.com/~witnesses
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You should have used Tesla...not Edison.
I'll try that 5%...then what to do?
😆😁
Tesla is too complicated, Edison is more relatable?
5% is low risk, conservative trading. if you gain 5% then sell and move to other coins or buy back lower.
Next time...tell me the other coins haha..NEM was up 19% the other day😍
Oh yeah it did! i think it went up less than 24hrs after I posted the picks #3. and my recommended gain was about 11% so target hit! LOL
The issue is not getting the target...it's what i buy after🤣🤣
sure thing! I aimed to do the picks post at least twice a week.
follow me i'll follow you hahahaha
What day ka ba kc post?🤣😂
Oi ano ka..Tesla was awesome and easily understood. Edison isn't brilliant, he bought the inventions of others then claim them as his own.
hmm interesting i didn't know about this (on Edison) =(
Haha magbasa ka..read a few ganyan sinasabe. That it should be Tesla, not Edison. Interesting din un about JP Morgan and Tesla.
This is so encouraging... thanks for this post sir
and your appreciation is my inspiration :)
Mr. bola...galeng mo ren noh🤣🤣
hahaha bakit? madami nabola ? 🤣🤣🤣🤣
Magbibilang pa lang!!
Following thread. Hahaha
Hala sigi😂😂
ohh just great advice here... I lost the major chunk in TRX ... but it never stopped me from investing more and changing some strategies did help me to recover my losses :)
Good on you! crypto market is changing rapidly , so the faster you adapt the more you get better at it. Good luck on your investments =)
This is so SMART advice! I saw it.. thanks witness :)
This is a must read for new investors and also for some investors that took a hit during this last dip. Stay safe and savvy out there guys.
I believe that doing trade is a mixture of knowledge and SOMETHING of luck. Upvoted.
see thats why I have been buying silver its a guaranteed win lol... but I think i will start following gregory mannarinos trades..... hes good
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This post has received gratitude of 10.37 % from @appreciator thanks to: @precise.
Thank sa advice kabayan. I've been thinking to invest in trading for sometimes. Pero hanggang ngayon takot parin ako.
there is no other way to build up the confidence @chado other than trying it yourself and learning the curves around it. Maybe start with a small capital something you can afford to lose. para if in case my hiccups along the way, medyo hind masakit sa bulsa :)
good luck!
Kapit lang ba friendship???? Power!
hahaha Power! I think among my picks yung SC na lang ang hindi nag ROI :)
i'm also losing when it comes to trading. i've been trading since 2012 and my loses are greater than my wins. T_T
so thank you for this advice. it gave me a new perspective on trading. thank you @precise ")
happy to share some thoughts :) we all lose and win at some point...
Thanks to you @precise.
you're welcome :)