Thanks for your post. My advice to those just getting into cryptocurrencies is to sit back, relax, and zoom out on the charts. Look at the patterns, pick your entry points, see the bigger picture, and WAIT for time to pass.
People get very greedy and think they're expert day traders instantly, and don't know that the cycles repeat themselves like clockwork. This leads to emotional trading and losses. Perhaps some gains too, but you'll lose in the long run. Everyone's been there before. Learn. Believe in the assets, hold them safely, and make money.
I would't say sit back and relax today NEO was able to be bought comfortably at $12 and sold for $20 within minutes thats an amazing gain. Scared money makes slow money or no money. I'm not saying go in at anytime I'm saying watch trends and volume and news releases. It all makes sense. Also I suggest with this recent spike anyone holding crypto sell of the initial investment and only trade profits then you don't risk a technical loss.
Nice trade. I was talking about new people to crypto.
Generally, I think there's an enormous difference between "scared money" and investors who got in early, or picked their comfortable entry point, or aren't interested in day trading, or have put in money they just want to let sit because it's a reasonable portion of their portfolio.
Slow money is fine for some. Greed is where risk and reward clash. It's not for everyone and quick hits or misses net out in the long run.. and some people just don't want to participate by their choice - not fear.
I agree on trends, sell the news, volume, chart indicators for entry points, but once you make your move, be at peace with it, especially once you trade profits only.
Also I saw you don’t have a Steemit Profile Picture I made a story post to make it simply to do. https://steemit.com/steemit/@isteemithard/how-to-upload-a-profile-picture-and-or-cover-image-to-your-steemit-account
Thank you. Will do eventually.