I was looking to do a swing trade (hold a coin from a day to a few weeks) and found one that seemed promising. I had money in Bittrex already so I decided to buy.
After I made the buy it rose in price. I thought about taking the profit and selling but didn’t. It would of been about a 12% return but I was looking for more.
Two days after I bought the market took a big fall, as you can tell in the picture above.
Things like this will happen. You can’t let it discourage you. I thought about selling when it was falling so hard but you can’t panic. Don’t trade in emotions.
Something I really took away from this is to not get greedy. If I think I should take profits, take them. Don’t focus on profits that are not there.
Pay attention to profits that are.