First week of trading cryptos. 30% down

First week of trading cryptos. 30% down

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Wtf did you go in on?

Happens to us all user when we start

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>first week of trading cryptos
>2x

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>even if you make 30% profit you are still down

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Calm down nigger. See where you are in a few weeks.

You are competing against some of the smartest and well funded people in the world if you try and day trade. You wouldn’t expect to win an olympic sport against olympic athletes, so don’t expect to make money as a noob trying to trade or pick coins. The sharks rely on dunning kruger effect, the sooner you realize you aren’t smart and don’t know what the fuck you are doing the better for you. Financial markets are the most hyper competitive arenas in the world because all you need to enter is money.

Same
Stop buying on the pump

How do i get better?
Help a new fren out

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I started with $700 4 days ago after getting dumped on and losing most of my crypto, and it’s now at $5000 again. I’ve day traded like a fucking god. Bought FLOW early, 8x my money, dipped a little. Sold FLOW at 1.75, which hilariously caused it to cascade to 1.50. Bought the very bottom of SHRIMP at $6 with my sold half stack of FLOW and SHRIMP pumps to $10. As soon as that pump happens, a massive dump caused FLOW to drop to 66 cents. Put all of my pumped SHRIMP in and now FLOW is at 1.25 while SHRIMP dumped to $4.

how the fuck? ive been using one of those trading simulators for a week and a half now, I'm only up 6.5%. what did you 2x on, some altcoins?

The same way you get better at anything, with practice. You are going to lose money for the first year at minimum. It is probably not worth it unless you are actually a very intelligent person with the correct emotional make-up. You probably aren’t.

What you should do is stop trading, pick a few assets that you have thoroughly researched fundamentally, buy and hold. 99% of day traders lose all their money within the first year. Buying and holding will outperform trading for 99% of the population. You are very very likely not the exception and crypto does not move on your timetable.

Put in the hours to understand fundamental value. Buy and hold, thats it.

>some of the smartest and well funded people in the world if you try and day trade
thanks for the kind words user

He got lucky, one of the worst things to happen as a new trader. Now his confidence is high and he thinks he is much smarter than he really is. Read this:

1. Put money in ETH and have it sitting in your wallet
2. Practice reading/researching coins for a month while never moving your money. (Research means looking at and reading entire whitepapers, looking into teams behind coins and other projects they worked on, looking at more websites than just biz for your information etc)
3. If you make it through a months without FOMOing your money away then you might just have the discipline needed to trade.

you just boosted the shit out of my ego

Also unless it’s a rugpull always buy when there’s blood in the streets, not “OOOOOOOOOOOOOO” posts when a coin has done 500% in a day. You faggots stay buying the top. Buy when people are about to neck themselves from coping with a dump.

with these

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Why?

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Same. Although I’ve looked back on enough graphs to know I bought in on a supremely lucky time and my hands will be tested hard in the upcoming months.

Better than being 30% down 3 years in

literally just go all in RSR retard

how much % do you guys usually do in a day?

That's a good thing, unrionically. Gotta strengthen up them hands kiddo. Smelt them into iron

is she ok?

Today was a good day as I only lost 400 dollars.

just wait for next summer

>wasn’t even trading cryptos, just needed some to use a service
>up 2x

At least you arent in Kleros jail, could be worse

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Oh don't worry, I own a bunch of kleros too. I am immune.

kek, you are never safe from kleros jail fren

Wym?
did I come in late?

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yes