Hey guys! Keeping this post short as I gotta go sleep soon.
A sea of red
Today was a bloodbath in the cryptocurrency markets... almost every coin in the top 100 was red today with most of them falling double digit percentages. This was not something I wanted to see but something I was kinda expecting.
Markets too good lately
The markets had been way too good lately. I have been very tempted to sell ever since Steem hit over $1 again, but we have so much potential and development happening I simply couldn't let myself sell Steem so close to its most recent lows. Greed got the better of me and I didn't listen to my own advice :(
I swear we never learn to take profits whenever we can! Remember, if you're up 10-20% on your investment, take a small bit of profit. That way if it keeps climbing, you've got more and if it happens to drop, you have more to put back in!
There are a couple of typologies in these times, depending on how much time free time you have:
For example, if you day-traded in the bull run, you may have made some gains, but if you acted like an investor, you could have gained more, and not wasted that much time.
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with steem either you are ready to sell or you already vested your Steem and need to wait a week. You should value your Time too. Because if you keep flipping the coins with 10% profit and it goes up you will fomo in and loose even more. If you happen to be a trader, YES DEFINITELY but if not and you are a normal Investor you should see the bigger picture and wait accordingly. A Strategy is only good when you respect it. :D
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Great comment! I have a large amount of Steem here vested as SP, but I also have some Steem on Binance that I trade with! Back when I traded a lot, I was consistently making 20-30 Steem per day from trading (if I decided to trade while studying), some days I had some losses and other days massive wins, but overall I made about 650 Steem in about a month, of which I probably traded on 20-25% of the days.
I mainly swing trade now since I don't have enough time to look at my laptop since university is getting quite time-consuming.
Despite this, I still don't see myself as a trader. I tried leveraged trading before with a small amount of money and my shorts/longs were rarely well-timed.
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Its awosome
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Hi @cryptoeater!
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