One of the most exciting parts of trading is BUYING the DIP! Although it is tough to deliver the exact timing of the dip. As you never know how low it will go. That is probably one of the most difficult parts to decipher as a small trader! Especially, when the market is on a downtrend. But if you somehow manage to take the benefit of the dip, you are probably going to make some gains over the trades.
Needless to say, nowadays the market is kind of being manipulated! Yup, you are reading it correct. Can you imagine, one single tweet and the market explodes. One single comment and the market crashes! All the TA and signals seem to be not working in this situations. Pathetic! While some are making thousands and if not millions and on the other hand, some are just losing the money along the way. Although, this is what decentralization is probably. You are the owner of your own money and nobody is to blame for that.
Image source : Coinstat
The recent incident might relay to the situations that I am discussing! Musk making a move and a shit coin pumps like crazy. And Today Bill Gates made a move and if you can see, the market is going into correction. Lol WTH is happening! It is like, everyone is eagerly waiting for a big shot to make a move. Currently, there are also rumours that the market will go into a few more corrections and those are going to be blood thirsty.
Eagerly waiting for the right opportunity to get in!
Over the time, it has become a habit now to HODL a token. I have my eyes on some of the coins, which I missed the chance to get into. I am just waiting for the right opportunity to get into those. I am not sure whether I will be able to get into those in the price that I want to but at least I am going to try.
I hate two things when happen in a trade:
- When I buy, it dips even more! Yeah, it is probably one of the most frustrating situations that really needs to be worked upon. But it is what it is.
- When I sell, the price shots up. Yeah, this is another scenario which really happened to me quite a lot in the past. HODL is the key.
While only HODL, will probably make you rich in some circumstances. Imagine holding some shitcoins, which you purchased at ATH and holding them without even doing some research about its upcoming projects and you end up losing what you have. I am not saying this happens in all the cases. But this current market is acting as weird as possible. As some of the coins which are pumping have no infrastructure nor does it have any value in the real market. But yet due to the influence and community it is being pumped.
Telegram Influence
This is something to look out for. Lately some active telegram groups are choosing a random coin and pumping the shit out of it. Making it boom like crazy. If you can enter at the right price you might be able to make some money out of the situation. But what it seems like, if you are a paid member, you seem to get the benefit much more than we can expect. So be aware of such calls, if you are going to enter. And always DYOR!
At the end I just want to say, you can not blame anybody for the loss or profit that you make in this market. As we are the owner of our money and no one is forcing anyone to buy anything. Just be cautious of what you are getting into.
Buying the dip of some promising coins which I think might be profitable in the long term run! Rest is just a wish or you may as well say luck ;)
Best regards
Rehan
