MultiversX Tracker is Live!

I traded my way from 0.33 ETH to 1.92 ETH. Here's what I learnt.

All Cryptocurrencies

by COINS NEWS 208 Views

I originally bought 0.33 ETH in Mar 21' for a total of ~$430 . Since then and without using any additional fiat, I traded my way to 1.92 ETH - currently worth $6190. I no longer own this ETH, so I'm happy to disclose the exact amounts. I did the same with other cryptos but I'm using ETH here as an example.

I did this using technical analysis, fundamental analysis and gauging overall market sentiment. In other words: selling highs, buying lows. I will not share the details of any strategies here.

But, here's what I learnt about the overall experience:

  • Crypto is more predictable than it appears but only on a macro level. You cannot account for FUD, unforeseen news or black/white swan events - all of which can and will risk your entire portfolio.
  • Trading is incredibly stressful. My mental health suffered and every aspect of my life took a hit. I grew obsessive.
  • The FOMO is incredibly strong but patience is key if you're to make it out alive and in-profit. It was a constant battle between the two. There will always be another opportunity but it's hard to see that when there are large red/green candles in your face.
  • It's time-consuming and a full-time job. I'd keep an eye on charts 10h+ a day.
  • It's addictive. You're always chasing that next trade.

Do I regret it? No. Because (i) it worked for me (ii) I learnt a lot.

Will I continue to do it? No. It's just not worth it. Health > wealth. I'll be returning to DCA.

submitted by /u/Zarkorix
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments