Trading Crypto With Writingamigo: Know how the cycle works. My solid (non)professional tips. by writingamigo

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· @writingamigo ·
$72.32
Trading Crypto With Writingamigo: Know how the cycle works. My solid (non)professional tips.
It is so easy to become a victim of FOMO these days as everything is pumping. I catch myself wanting to do some irrational trades every day but that's when I remember that I am a freaking smart person and should not waste my money.

Sadly, everything needs corrections sometimes, and crypto markets are no different. Of course, if you are hodling long term, those small waves doesn't matter at all. However, if you are trading daily, you must remember that prices crash from time to time. I have seen a couple of trends on the markets and myself. Of course, be informed that things you read below cannot be applied to every situation without exception. If it could, I would be partying in my yacht at the moment. Just kidding... I would still be writing here for you... from my freaking yacht. Ok, let's get to those simple and yet so hardly achievable tips and tricks:

1. Somehow alt coins grow during the weekend and bitcoin pumps early in the week. I now try to keep my trading balance in bitcoins or short some altcoins when I see first signs of bitcoin's growth. Of course, there are some exceptions all the time, but I saved myself a lot of profits following this trend. Also, bitcoin's growth still equals alt coins crash. I am eager to see it changing in the future, but we are not yet there.

2. Buy on top of the green candle and sell on the lowest point of the red candle. This way you will follow the masses and let your emotions control your money. Oh wait... maybe you should do everything all the way around. I don't remember now... damn. But seriously, don't chase the pumps unless you join early or believe in the coin you are investing. Otherwise, you might end up with a bag of worthless shitcoins.
![](https://steemitimages.com/DQmbfyr9xUUMX3kgksx3U2PdY1GnjoTSyFA1Gkm9VVtk5oE/image.png)
***When was the right time to buy some RIC? If you answered at 8,7k you passed the exam and can start trading already.***

3. Don't be afraid to sell and take some profits instead of waiting to become a millionaire. Remember - what comes up, must come down. It means two things. First, when you sell, you might avoid crashing and losing your money. Second, even if the price goes up when you sell, you can still wait for the dip and buy yourself back in.

4. Patience is a virtue. Sadly, I don't have any. Sometimes it is better to place all your orders and close that exchange platform for a while just to keep yourself from doing stupid things. 

5. Not only the markets have a cycle, but you do too (not talking about women exceptionally). Take some time to rest because trading requires a lot of energy and nerves. If you leave it all in the markets, you might end up making stupid things. It happened to me way too many times already.

6. Take your losses like a professional. It is only money, and you should not be sad about losing it or else, you will never be able to make some money or sleep well at night. Yup, when those markets soak you in, it can get hard to go to sleep... It might seem wise to stay awake through the night at first, but it is not... believe me.
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@mcsvi ·
Haha - you should go traveling again :)
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@writingamigo ·
$0.39
I hope soon! Getting myself back on feet financially and will plan a new trip! Also, it's summer in Lithuania, so it is warm. I like it haha. If you miss my travel post, you could just have said it lol. Will post something from my trip soon as I love to reflect on my travels from time to time!
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@worldclassplayer ·
$0.28
haha great post, i hear you, and i relate to your expressions coming through here....the last point in particular...oh man... "It might seem wise to stay wake through the night at first, but it not...believe me."

Spot on.

Enjoyed.  :)

Steem On, The Dream is Live
:)
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@writingamigo ·
$0.26
I wish you couldn't relate to the last point, but at least I hope we all learned from that mistake haha. I am glad you enjoyed my post! Steem On!
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@worldclassplayer ·
$0.26
it's been a real work in progress. And you know, there's been some really great late night plays...but the balance is key...and being up for the morning is just always great. Living with the sun is the way to go.
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@worldclassplayer ·
$0.26
STEEM ON, The Dream Is Live
You have a Golden Ticket
:)
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