Hi,
I want to share my trading journey which I will start soon again but this time with discipline and a plan.
I have experience in stocks (5 year) and crypto (2,5 year) but had never a lot of success but I see it as a journey where I can learn from my mistakes. I am more of a HODL'er and swing trader I tried scalping but this made me nervous and it just didn't work for me. I consider myself as an amateur. My biggest mistake is to swing trade take some small profits and afterwards I see what it could have been when I would have been more patient and didn't sell.
1 of my biggest mistakes was I found a undervalued stock back when it was 2,5 Dollar I bought around 800 dollar in 2018 the stock was called TNDM , Tandem Diabetes Care with a lot of potential but I was scared about the volatility it had and sold for around 3,5 dollar took some small profits even though I knew it was still as steal.
1 year later it was around 60 dollar already and peaked in 2020 for 120 dollar.
I even bought this stock in advice with my wife which found it a good investment, I felt really stupid. And I can tell you some other trades I made early where I made the same mistake again (Tesla) but hey we don't live in the past what is done is done.
Them I invested in Bitcoin and some other coins I found interesting. Luckily not the same story but made some stupid decissions too.
Bought Bitcoin to buy Electroneum which was rather hyped that time and I fell for it, bought Ethereum , Litecoin, Cardano, Stellar, Ripple. And sold way of them far to early luckily I didn't sell everything at once.
What I now tend to do is take some profits in several buyoffs but I keep 20-30% in my portfolio. This works for me for the moment. But now I want to try if I can trade better with a small amount around 500-1000 USD. I will keep it in an excel sheet and will post regularly to see if I have learned or not but this time more focus and setting goals for myself.
What are some of my plans:
- Follow the news carefully and try to ride the wave.
- Search for some gems with potential.
- Always track the BTC-USD technicals as whole the market correlates with it.
- Technical trading with Fibonacci and RSI as my main go too indicators.
I hope I will grow my account and otherwise it was fun to do. And I am convinced if I can do this you can do it also. Most important I learnt from my mistakes and I will not give up till I master this.
Will keep you updated on my next journey, cheers everyone connect if you want.
