Crypto trading for beginners
Oh my God, what a start… I've never done much trading. This, of course, has a reason. The markets are so fast! The price per second flies up and down faster than I can even take it in. I've never dealt with traditional investment markets either, so this is completely new to me. And although the principle “Buy LOW - Sell High” may sound very simple. My God, you must have nerves of steel!
Understand and see the patterns
And you have to learn to understand the coin you want to trade. That has also become clear to me in recent days, through damage, of course. FOMO is not a good counselor, and not understanding the swings does not bode well for your balance either.
I thought I was immune to FOMO, I wasn't!
Where I had once traded with Tron on Binance in 2019/2020, I now entered the Eth market with a boom. And of course with a FOMO, so where I thought I had bought in a valley… this was of course in a HIGH. As you can imagine, I saw my little 200 euros shrink quickly until it was only 174 euros. And I threatened to panic slightly, well, slightly here is an understatement. Because what was I going to do now? Did I want to keep checking my Euro balance, or did I just want more Ethereum? Anyway, I decided in a moment ... Fvck the euro numbers ... I'm going to fully immerse myself in day trading so that at least I come out with more Ethereum than I went in. The euro is not going to increase in value, I am sure of that. The Ethereum, it does have the potential to rise. But with the swings that Ethereum offers, I can make AND more Eth, AND more euros. I only have to use my mind, and not unimportantly… keep my nerves in check and don't panic!
Calm down Girl ... don't panic!
The moment I decided that I calmed down and started looking at the graphs. Not that I understand that much now, but I was able to discover certain patterns. And where at first I threatened to panic when Eth jumped 10 euros upwards, quickly took my order away and bought higher again, just to have that Eth… I could now stay more calm. Going to sleep and when waking up discover that I had done well. My low buy orders were filled this morning while I was quietly waiting.
3 is a magic number
I once received the wise advice from someone to always split my total order into 3 orders. That way you always have the chance that if you have bet Too high or Too low with one of your orders, the other will be filled. You can spread your risk a bit that way. And that is very handy for a nervous girl like me. LOL
My Ethereum is slowly growing ...
So where I started with about 0.15 more Eth, I have now seen that increase. And where my 200 euros had dropped to 174 euros, I now see some improvement again cautiously. At least if Eth were back to where I bought the first time. And yes, of course I know that this is a risk that comes with crypto, and that it is always painful to see your Euros / Dollars collapse. And if, like me, you don't understand enough of the market to really take full advantage of it… Then that makes you think that I still have a lot to learn.
I did swear a lot
What I do think is a shame, however, that I will now again have to deal with costs that I will unfortunately have to pay from the crypto ... and that I will have to activate a powerdown of my collected Leos. Believe me, swearing doesn't help ... but still I swore quite a bit when I clicked that button, because for the time being my plans to BUILD UP don't really work out very much.
I need to flip the things
Where 2021 seems to be a good year for crypto, I can only hope that the year will also take a different turn for me personally. And that there will still be financial windfalls, instead of the setbacks that I now see appearing on my path… and which will currently amount to at least about 500 euros.
Get it back ...
Luckily I don't have to cash out all Leo if it stays that way, but I can suffice with 1 powerdown. Fingers crossed that it will stay there! And that I will get that back as soon as possible ...
At least I can say that I can use the crypto now, and if it wasn't for that, I would have no idea at all how I should pay for this.
Sometimes you have to do things you don't want to do
Anyways ... I clicked the powerdown button. I didn't want to, but sometimes you need to do what you don't want to do. And now time to get a change of mind, stay positive and blog the hell out of this place. Get back on track and gather those Leo's back as quickly as I can!
Stay tuned, new blogs to come soon!
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