Me too, I am still down 80 percent overall. I bought in for 40k in December ( 10 different coins), that was why I was so hungry to take profits on tpay. I lost, lost, lost and finally won a bit and thought it was a good idea to spread my money out a bit.
RE: Why I dont day trade... God what is f***** wrong with me ?
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Why I dont day trade... God what is f***** wrong with me ?
$40,000 USD? We definitely need patience for these current market conditions. Dollar Cost Averaging would have been a good bet.. we just have to learn
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I was working 7 days a week up to 16 hours a day at my seasonal job, so I didn't have time to look at the market. The second I got done for the season I dumped everything, sadly it was a t the peak. I emptied my savings account, sold all my belongings, maxed out my credit cards and now I live in my car lol. Talk about a retard.
40,000 cad, but still. That's a heap of money for someone that makes $20.hour
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That's an insane amount of money.. have patience... look into a guy called "Coin Mastery" on YouTube... This guy gives the most informational fundamental analysis Monday-Friday... Dollar cost averaging he suggests is to invest your money over a period of time, either weekly monthly daily, what ever. just a period of time. He doesnt sell anything or make you buy certain coins. he just gives information. its a great resource... check him out
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Cool Cool. I think I may go back to just shutting the computer off and holding what I have. Originally all I was trying to do was turn 40k in 55k so I could buy a camper I could live in. I thought it was going to be pretty easy hearing all the guys turning 1k into millions I thought I should have been able to turn 40k in 55k in a couple months. Guess not, lost 90 percent of it. lol. Now I live in my escape
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Just saw your rants and decided to chip in my 2cents.
You have to wait out the markets. Don't sell yet. You bought at the ATH of most coins.
From January to March, the market took a dip. It just started recovery this April.
HODL! Chill and keep surviving. It's gonna pan out fine if you don't sell cheap.
Next time, buy the frigging dip!
Goodluck man!
Cheers!
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lol, haven't sold a thing for fiat. I keep on adding to my postions, of course not as heavy as I did back I December .
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