$DOGE During the last few days I've managed to (not exactly...) mess up again, this time with the same coin I had hope in: DOGE. As per usual, I could've gained a fortune if I didn't back out in the last moment... I was there when DOGE peaked at 0.25$, and the chart showed signs of a bear run. And I knew that, but still I hesitated. Ironically, mistakes were made: I made a long in a downtrend!!! A good portion of my budget was erased... The good news is, a while later some sell orders were made and the profit made up some loss. Still, GREED and FEAR are my greatest enemies; It always happens at the wrong time, especially when I see the correct pattern.
After a few days messing around, I've finally come up with a plan (sort of). This allows / forces me to keep track of my trading progress: How much I gain / lose, overall performance (compares to my standard goal).🤔🤔 And if anyone thinks the numbers are wrong, I don't blame you. That is more than 5M$ (5.5 BILLION PERCENT GROWTH), from a capital of 1$... The best thing is, I'm only required to make 5% gain daily.🤑🤑
And now.... comes the "not so good" news:😳😳 1. I need to increase the profit continuously, and it gets harder overtime. 2. The plan assumes "PERFECT" process (No loss), which in reality is highly improbable (for small & hobbyist traders). As it shows in the chart, I fail to do both.😳
This may be my first attempt to trade seriously, after so many soul-crushing losses. If anyone wants to try this plan, be my guest (change the rate if you like); If not, it's okay. Or you can share your way of trading!!! $BTC $ETH $BNB #TradingStories
$DOGE After a short break (again), it was decided that I'd try something new: Coin-M. The aftershock of the $ETH dump still lingers, so I'm being cautious this time. So far everything is going well. The gains are not significant honestly; but I'm in this for the long game, and as long as I keep the profit coming I'll be in good shape...#MarketPullback
$ETH Last night was not a "really" good time for me to trade, fairly saying. Despite seeing a pattern, I took short position early. Too early... Being in denial as I always am, margin was increased in hope of getting a reversal. It was a good thing it did, but much later when I started to accept the loss. I suppose being stubborn sometimes is worthwhile... 😬😬😬