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RE: I messed up a great Bitcoin trade this morning!!! Grr..

in #dtube7 years ago (edited)

I simply set my buys below the bases too conservatively, so by the time the big rundown happened, I was already all in, having triggered all my buys. I need to get better about keeping some capital/coins set aside so that I can really benefit during these slumps, but now I'm stuck waiting for 'normal' to return to sell some of these positions... :(

I often struggle knowing when to take profit (mentally flipping between 'Am I being too greedy?' and 'why am I bothering with these low percentage gains?') so I've found myself not trading during spans I should probably have had more activity, even if the trades I do complete are positive/successful ones.

So much more to learn and I appreciate you putting these videos out in an effort to teach us noobies. Also appreciate this humble video that shows us even a veteran trader like yourself can slip up from time to time (if only my slip ups were so few and still netting me gains!) and it helps me ease up on myself mentally as I make my missteps.

PS: Where do you chat with folks? I'd likely lurk for a while as I feel I'm too green to provide any real useful insight, but it would be fun to see others talking the craft.

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Just join the slack chatroom from the previous blog post, theres an invite.