4:40 PM・Jan 16, 2024
Follow
Dear Binancian, Why did you trade at a loss?
well, crypto trading is one volatile trade. take for example GRT. last week, less than 7 days ago was bullish cruising at $0.1930...
inexperience readers with their FOMO Jumped right in at $0.1930. Today GRT has barely crossed $0.17. Some sold in panic at $0.18, $0.17 and other at $0.16.
why did you sell at a loss? are you new in crypto? in less than 48hrs, GRT will have soared to past $0.21 based on the 0 finnobucci levels hit recently.
what I'm I saying? you lost money simply because you panicked. some bought solana at $200 sold at a loss $1 and well, they were damn wrong. solana will soon cruise past $300.
Baseline: Research an asset. invest in it. set a stop loss let's say 10%. panic if it goes opposite direction. just wait. in any case if you are a day trader, the SL will rescue your ship.
cheers. for more informative content, consider leaving a tip. I earn, you learn, we both win. WIN win.
