I have started to trade cryptocurrency after the lockdown for the last two months actually.
I would invest a small amount of money when I notice there is a good development for certain cryptocurrency.
When the cryptocurrency rises that allows me to earn even a small profit, I will sell off without participating in the waiting game for a higher price.
Very often, many investors may lose the chance for a profit because they are waiting for a much higher price.
It does have higher risk as we know that the price of cryptocurrency can skyrocket but it can also head down like an atomic bomb.
It is hard to predict so one may need to hodl if he loses the golden moment for a profit as the price can easily drop without a warning.
I am not a professional trader and I do not really know how to analyse the trading graph properly.
I do watch out for market news which one of my articles did mention.
The greed for a better price has often caused many to lose the chance to gain profit so I am really literally collecting little crumbs of profit little by little without taking high risk.
With my little investment and collection of crumbs, I had earned about US$300 so far during the lockdown.
I am still in the profit actually without panic selling that has resulted many to lose money.
If you are really a small-time or inexperience investor like me, I guess we do not need to take unnecessary risk since we do not know how to analyse the market that well so selling for a small profit is a wise decision.
The gathering of small amount from different trading can really be quite a nice amount actually.
Thanks for reading my little sharing about my personal trading experience even though I am a beginner.
Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth.