At the previous trend when the market was experiencing some green candles, I in person was hoping that it will continue throughout the remaining days of the year with the news I plunged to....You mean uptrend and downtrend, not memecoins/Layer-2/GameFi/DeFi trends in the market?
So I was quite relaxed without taking profit at initial time....
And now the market has turned against me and I'm keenly experiencing some losses and my portfolio is bleeding....
And the coin which I am trading on is PEPE....
With the current market situation, the fear index is literally more higher than greed...
What are your thoughts on this, did u experience any bad impact of the present market trend or you were lucky to jump out before the red candles came in?
At the previous trend when the market was experiencing some green candles, I in person was hoping that it will continue throughout the remaining days of the year with the news I plunged to....I am also stuck in more than 10 trades, but I think calling this stuck is not good because from the start I planned to hold them for some time and I don't do future trading, so in the spot it's not a big deal to be in a $500 loss because with time the loss will be recovered. I am waiting for big pumps like the alt season.
So I was quite relaxed without taking profit at initial time....
And now the market has turned against me and I'm keenly experiencing some losses and my portfolio is bleeding....
And the coin which I am trading on is PEPE....
With the current market situation, the fear index is literally more higher than greed...
What are your thoughts on this, did u experience any bad impact of the present market trend or you were lucky to jump out before the red candles came in?
If you are just new into this market then you would really be that usually having this kind of emotion on which you are really that still not get used to this volatility then you will be that too sensitive on what this market will really be that doing. It is really that important that you should really be that knowing at least on what are the main factors that will affect out someones trading or investment decision here on crypto space. It is really that important that you should really that know at least on how to handle up accordingly. It cant be avoided to have some emotional problems because we are just indeed humans, we do normally react out on the time that we do see our money is declining.
with how to market swing, it think everyone was affected by how it dip and bounce. if one person just panic thinking this was the start off bear market i think he would have lost his chance already. the trend can be so cruel for you especially when you are a newbie, who just think its time to invest and then the price just went from 108k down to 92k, its a heart breaker.
anyway, its now starting to go up again. if bull run isn't yet over then this will be good entry point to buy. and just wish the market on 2025 will still be uptrend.
What are your thoughts on this, did u experience any bad impact of the present market trend or you were lucky to jump out before the red candles came in?Yes, and we all experience bad impact in the market. Honestly, if you experience losing in this current market trend you don't have to worry because we are still in the bullish trend. The downtrend was just a healthy correction of price. We can't see price action in the market that will always go up and no correction because all legit coins will always have that. I don't think if many of the investors selling their investment from that dump because the bearish market is not happening, we are still in the bull market and there's a altcoins season to come, and we should look forward on it.
At the previous trend when the market was experiencing some green candles, I in person was hoping that it will continue throughout the remaining days of the year with the news I plunged to....
So I was quite relaxed without taking profit at initial time....
And now the market has turned against me and I'm keenly experiencing some losses and my portfolio is bleeding....
And the coin which I am trading on is PEPE....
With the current market situation, the fear index is literally more higher than greed...
What are your thoughts on this, did u experience any bad impact of the present market trend or you were lucky to jump out before the red candles came in?
At the previous trend when the market was experiencing some green candles, I in person was hoping that it will continue throughout the remaining days of the year with the news I plunged to....You should have taken profit when PEPE price was high. That would have helped you a lot because that was the first time that I saw such increase in PEPE. Nobody knows if PEPE will still be able to pump to such price again because it's not all meme coin that would be able to pump again after this dip. Assuming you were hodli bitcoin, I would have said calm down, this is a bullish year.
So I was quite relaxed without taking profit at initial time....
And now the market has turned against me and I'm keenly experiencing some losses and my portfolio is bleeding....
And the coin which I am trading on is PEPE....
With the current market situation, the fear index is literally more higher than greed...
What are your thoughts on this, did u experience any bad impact of the present market trend or you were lucky to jump out before the red candles came in?
Actually in trading cryptocurrency, I think we have to follow the ongoing trend to keep us potentially profitable.Yeah, we even have a trading method called Trend Following. Trend is our friend, we need to quickly identify and respect the trend to gain more advantages in this market. Going against the trend usually doesn’t yield good results, only professional traders can take advantage of opportunities in market reversals.
It's not a matter of being affected or not, we can't go against the flow and don't be stubborn with our stance.
We do all that so that we can continue to trade and make a profit in any situation and condition.
When the market really turned red at the end of last year, I didn't do any trading, especially with future markets and using Leverage. because at that time, the market was really bad. it might be time to really rest and enjoy the holiday season. That's why, when the red candles were excessive in the market for more than a week at the end of last year, I just kept quiet and didn't fiddle with my portfolio. check it out, but because the portfolio dropped so much, I just let it go and didn't do it.Actually, We know that few months ago, we can see that bitcoin price is remain down position in cryptocurrency market. But we also saw that gradually bitcoin price is increasing in cryptocurrency market, and it is increasing $96k up in this time. But in this time we expect that bitcoin price is remain $110 up. So I believe that present market trend also remain still slightly down. But we also believe that gradually bitcoin price is increasing gradually in cryptocurrency market and this situation must be improve. Because we know that if bitcoin price is increase then others crypto currency market must be increase gradually.
panic? not really, because I have the belief that this is only a momentary downtrend, while we are approaching January where the crypto market will definitely go up. I have that belief and that's what makes me still hold on until now. and when the market starts to rise and the candles start to turn green, I feel even more excited to look forward to 2025 which is much more uptrend.
At the previous trend when the market was experiencing some green candles, I in person was hoping that it will continue throughout the remaining days of the year with the news I plunged to....all traders experience it,we all know the market is not stable,is just a flutrating flirt.
So I was quite relaxed without taking profit at initial time....
And now the market has turned against me and I'm keenly experiencing some losses and my portfolio is bleeding....
And the coin which I am trading on is PEPE....
With the current market situation, the fear index is literally more higher than greed...
What are your thoughts on this, did u experience any bad impact of the present market trend or you were lucky to jump out before the red candles came in?
When the market really turned red at the end of last year, I didn't do any trading, especially with future markets and using Leverage. because at that time, the market was really bad. it might be time to really rest and enjoy the holiday season. That's why, when the red candles were excessive in the market for more than a week at the end of last year, I just kept quiet and didn't fiddle with my portfolio. check it out, but because the portfolio dropped so much, I just let it go and didn't do it.
panic? not really, because I have the belief that this is only a momentary downtrend, while we are approaching January where the crypto market will definitely go up. I have that belief and that's what makes me still hold on until now. and when the market starts to rise and the candles start to turn green, I feel even more excited to look forward to 2025 which is much more uptrend.