Here's what the professionals DON'T tell you about Cryptocurrency Coins.
An amateur 'jumps on the band wagon' and doesn't have much of a strategy.
The professional plans exactly what price to buy and what price to sell.
The amateur 'hangs on' to their stock when the price keeps rising and rising in hope of it 'going to the moon' and allow 'greed' to take over their logic.
The professional does NOT let his emotions get in the way of his decisions. He knows the patterns in the charts and the historical market trends. He can recognize certain indicators which tell him when its time to sell (and not hang on).
The First timer often gets lucky and then loses.. (similar to a gambler).
The Seasoned investor doesn't get carried away.
He has patience and can wait before buying into a coin.
The amateur has no idea what all the indicator tools on the charts mean.
The established investor these indicator tools as an integral part of his trading decisions.
PLEASE RESEARCH MORE IN TO CHARTS AND TRENDS AND STOCKS.
Educate yourself so that the professionals dont eat up your hard earned money.
Have an exit strategy.
Pre-Decide your limits and prices to buy and sell.
Watch at least a few hours of videos before trading your money.
Just like gambling, only use money which you can afford to lose.
And: NEVER LET YOUR EMOTIONS CONTROL YOUR DECISIONS.
Good post my friend @easybullet3. Just today I published a post about bitcoin and a possible scalability solution with lightning network. Here is the link if you would like to read it: https://steemit.com/bitcoin/@emmanuel250998/lightning-network-a-scalability-solution-for-bitcoin-part-i
Thank you ;)
I am new to this and @easybullet3 's advice makes perfect sense, one must look ahead and know what you budget it and how you are going to approach trading.