A costly lesson in crypto trading!

Yesterday was a costly lesson that I had learnt, I hope. I panicked and that cost me few hundred $. Bitcoin dropped by 2% which changed the whole crypto market into a blood bath. I decided to sell my coins at a lose hoping I won’t lose more money. Then I started chasing my loses which even made it worse, like way worse.

At some stage I had like $1900 and because my stupidity it all went down to $1100. If I only sticked to my original plan or didn’t pay attention to what was happening at the time I would have been an OK. I would have even made way more money today with the way that Dogecoin is heading to.

So I guess the lesson is to stick to your plan. Under no circumstances chaise your loses. Be cool and don’t panic. I’m pretty sure there will be more good things that I will learn in my crypto trading life.

Peace out and till the next time.