Floodgate
31 Following
0 Followers
0 Liked
0 Shared
My first loss was over 600usdt on VIDT in 2022. The coin was pumping at that moment and suddenly went dipped. Lesson taught me to only buy the red and sell the green.
Last night, I decided to dip my toes into cryptocurrency trading. I had done a bit of research and felt confident enough to start small. I bought into a trending coin after seeing it spike, thinking it would keep climbing.
But I didn’t set a stop loss. Big mistake. Overnight, the market turned, and I watched my $200 investment drop to $120. Panic set in, and I sold out to cut my losses.
The next day? The coin rebounded. If I’d held my position or had a plan I wouldn’t have lost money.
Lesson learned: never trade without a strategy. The crypto market doesn’t forgive impulsive moves.
But I didn’t set a stop loss. Big mistake. Overnight, the market turned, and I watched my $200 investment drop to $120. Panic set in, and I sold out to cut my losses.
The next day? The coin rebounded. If I’d held my position or had a plan I wouldn’t have lost money.
Lesson learned: never trade without a strategy. The crypto market doesn’t forgive impulsive moves.
lesson of the day, buy the red and sell the green.
"I invested $1000 in XRP at $2.73, but unfortunately, my investment has decreased to $350. I'm struggling to understand the reason behind this significant drop. Should I hold on to my XRP or consider other options? #XRP #Investment #Debate2024 $XRP
Login to explore more contents