Can you really make money by trading in waves?
Talk about my experience, psychological activities and experience
1. Experience: I started to enter the market in 2017 by buying Wanke Cloud, Digital Gold, and Gongxinbao. I missed too many opportunities by trading in waves, so I will just share a few.
From December 20 to the end of January 21, I made about 10 times the profit from trading in Dogecoin. At the end of January, when Dogecoin started to rise sharply, I didn’t dare to get on the train again, and missed a hundred times.
Then I started to buy OKT (cost 60) and originally planned to hold it for a long time. I couldn’t resist the temptation and got off the train at about 100. The key point was that OKT had good news everywhere at that time, so I entered the market again at about 180, and then I caught up with 5.19. In the end, I put all the profits from trading in Dogecoin into it and lost part of the original capital.
I got Pepe last year and I am free now. In the end, I also put the dozens of times I earned on other local dogs.
There are too many examples like this, just like a monkey trying to break a stick, and finally got nothing.
2. Psychological activities: I am lucky. I always think it will pull back, and it does pull back. After it starts to rise, I always think it will return to the price you think because of the anchor price, and then I pull it higher and higher until I miss it.
I am lucky enough to make several times more money, but I meet another dog. Who knows that it will fall as soon as I buy it, and the more it falls, the more I lose. I will not stop the loss in time, and I will lose most of the profit or even the principal.
3. Experience: In fact, most people are like this. At the beginning, they also want to hold it for a long time, but the lucky mentality is always playing tricks. As long as the first wave starts, most people can't stop until they miss a hundred times.
For this situation, my suggestion is to put the part that you hold for a long time after buying it into a cold wallet, remember the secret key to delete it, and then delete this coin from your watch list.
Sol Dog Experience: Remember these three points, small bets for big, small bets for big, small bets for big.
Double the capital, even if it is a hundred times, you will earn 50 times. Remember not to hold a heavy position.
Summary: The band may make you a small profit, but it may also make you more and more trapped because of loss aversion. Find a good project that is in a value trough, remember the key after buying, and delete the wallet.
Warm reminder: Be cautious when investing. You must fully understand any project before entering. Make a comprehensive judgment through Telegram communities, Twitter, publicity channels, and investors behind the scenes. Don't be naive and rush in just because a kol recommends it. If you don't cut it, who will cut it?
Finally, I wish all my friends to achieve financial freedom soon!
