How I make repeated mistakes trading Hive and Leo

avatar
(Edited)

Hello Hive.

There is no perfect time to enter a crypto market, but keeping some stable coins acts as buffers and good opportunity when low prices to buy tokens present themselves The low price of leo and  the red presents this opportunity today for whoever is willing to buy and stake more.

Screenshot_20230420060945.png

It is without doubt that once a person is not disposed regarding what to do per time in his crypto trades and journey, serious wreck can occur to their finances.

The rules of crypto trading are very simple but it is easy for us to read the rules, teach it to others and not follow it ourselves.
Buy the high and sell the low is the most challenging statement I have ever heard, not because it is hard but because obedient is difficult.

To become a good crypto trader one ought to keep wither crypto and fiat in ones wallet or crypto and stable coin.

If you keep only crypto as your finances, you are wrong
And if you keep fiat or stable coin searching for the lowest time to enter the market, you are wrong as well.

Sometimes its difficult to know the perfect time to join a crypto market. Just two days back BTC was trading above 30k and some took came to conclusion that bear market is over and probably the time for prices to begin picking up momentum.
While others where still hoping for 14k BTC a perfect time for them enter the market. If 14k BTC was no longer possible then some FOMO sets in.

The same scenario was repeated for both hive and Leo, now we have them especially leo trading at a very good buy price after the price picked up a little during the LPUD.
This is a good time to take in more leo but guess what my mistakes have often be, I never keep a stable coin.

Some Short pumps are some good opportunity to trade tokens if one makes at least a 50% profit, that will enable me to buy back in on days like this....
But today prices are back on the red side and one cannot tell how much lower we are going.

Stable coins can also stand in as emergency funds since their price are constant and on days like this when you can no longer trade hive or leo, they can be a good saving grace.

Each time we make mistakes from crypto, they are to be noted and not repeated again, that is what makes one a good crypto trader.

Posted Using LeoFinance Beta

neoxian proofofbrain hive finance waivio hive-engine ctp vyb leofinance
0
0
0.000
5 comments
avatar

pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 152 of my contest just started...you can now check the winners of the previous week!
!PIZZA
6

0
0
0.000
Reply
avatar

That's how we learn from our crypto mistakes, note them down and make sure we don't repeat them again. For me, I sometimes repeat the same mistake in different forms. It's never easy to understand trading the crypto market. A high could disguise as a low and vice versa.

0
0
0.000
Reply
avatar
(Edited)

It has happened to me countless times. Crypto is not easy at all I swear.

0
0
0.000
Reply
avatar

Congratulations @monica-ene! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You distributed more than 79000 upvotes.
Your next target is to reach 80000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Check out our last posts:

The Hive Gamification Proposal
Support the HiveBuzz project. Vote for our proposal!
0
0
0.000
Reply