welcome to the roller coaster ride! i was playing the bitcoin market with a small amount of money and had automated orders buying at $90 and selling at $120. It kept accumulating coins fairly consistently for a few months. My "sell everything" order kicked in at $140 but the value just kept rocketing up to $1000!
Even though I made money obviously I'm a bit sad about it. But it just shows that nobody can see into the future. I thought at the time that $140 would be a ridiculous profit.
My advice if you plan to go long is to just resist watching the value because it will drive you crazy and you'll make stupid moves as you try to guess which way the graph is going to go.
Even though I made money obviously I'm a bit sad about it. But it just shows that nobody can see into the future. I thought at the time that $140 would be a ridiculous profit.
My advice if you plan to go long is to just resist watching the value because it will drive you crazy and you'll make stupid moves as you try to guess which way the graph is going to go.