📉 Trade Lessons Learned: The Importance of Patience
In April 2025, I noticed a sudden surge in Dogecoin (DOGE) prices due to social media hype. Fearing missing out, I hastily bought in at $0.15. Unfortunately, the rally was short-lived, and prices corrected to $0.10, resulting in a loss.
What Went Wrong: I let emotions drive my decision, entering a trade without proper analysis.
Lesson Learned: Avoid impulsive trades based on hype. Always conduct thorough research and have a clear strategy.
Future Approach: Establish a set of criteria for entering trades and stick to them, regardless of market buzz.