@JDiBs, Ohhh duh, I should have known that one lol. One thing I have learned in trading futures and stocks is you have to try and keep emotions out of trading and believe me I know how you feel. Maybe this will help...you might miss an opportunity but there is always another one around the corner. I had to learn patience which was very hard for me. Are you new to trading?
@Case1, Yeh I am and made a mistake and jumped into this not at the top but mid way now its dropping alot scared I will lose it all but if i jump out now it goes back up which it has every time i jumped out then i wont regain. .... grrrrrrrr
I think my biggest mistake is i use coinspot in AUS and doensnt have auto buy and sell so cant set stop losses. I think i need to change exchanges.
Oh JDiBs, you have to use stop losses. I learned my lesson on that the hard way(losing lots of money in the stock market back in 2007-2008). I thought...oh no worries this stock will go back up and it kept dropping and dropping till it was worthless. I am new to cryptocurrencies but they seem to trade on the charts just like futures and stocks. You have to keep your losers small and let the winners run but always have a plan. There is a saying..."Plan your trade then trade your plan". Stop losses allow you to trade another day if you know what I mean. Are you from down under? I live in Texas.
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