I’ve been sort of trading here and there barely just short profits from day trading, no long term investment. Ive thrown in 100 as I’ve been studying the market the past few months and I’ve been wondering if it’s now a bad time to enter BTC or to find an alternative altcoin?
I started researching a lot more heavily in the past two weeks and that’s why I sorta threw a little bit in to see where it might take me long term. It’s not a big amount so I can begin to understand risk management if I’m going to toss a bigger amount in at a later date.
Watching charts and percentages I did throw some in about a week ago but got worried and drew myself an imaginary line of invalidation, and have in fact missed out on a very steady increase upwards over the past couple weeks.
I’m glad though I have enough understanding of risk management (or atleast I hope I do) this early that at any sign of profit I sell as I fear it will immediately plummet leaving me with a loss, which in my eyes a loss is a loss no matter how you look at it, so I do it without being greedy in a sense which leads me to ask if this the right outlook to have?
I feel I’m beginning to understand enough but would like second opinions on how to go about this without potentially being a dumbass.