I've had a pretty good year trading Cryptos, growing my bankroll from $30,000 to $65,500 so far.
Here are the top mistakes I've made. Hopefully I can learn from them.
Don’t be afraid to buy into rallies early on.
Also, don't chase it after you've missed (3rd wave +).
Do NOT buy on the way down.
Wait for consolidation periods.
Do not sell everything in the first rally.
Keep some profits in for the longer term and ride the wave.
This post is mostly a note to future self, to come back to and reflect on when in doubt.
Thanks for the tips!
For the Bitcoin market this is good advice. If you have anything that you might consider even more advance I'm all ears.
Thanks
I will definitely post more advanced techniques as well. I've been doing a lot of arbitrage trading, and it has been more profitable than lending, but less profitable than positional trading. These things belong in different risk brackets, and I like being diversified across risk, more so than across coins/trading instruments.
Thank you for your experience!
Nice , short , fresh ,useful and nice Post , thank you furion ;)
Great post. If you wanted to do something for beginners as well, that'd be greatly appreciated