If you've been struggling trading crypto don't feel bad
This is some of the hardest conditions that we've seen in a long time, especially for spot only traders. 99% of my trades are spot. And if you're like me you've needed absolute perfect timing to catch some moves You can't knife catch because the accuracy rate is low. And you can't get in on a breakout because a high amount of them fail. It's been a battle and if you have poor risk management you are likely down considerably. All you can do is learn from it and be patient. All markets evolve and adapt so there will be a time when things get easier again. It's been decent for intra-day traders but for swing traders especially on the long side if you missed the $60k drop then there really hasn't been a whole lot for ya. Breath, relax, be patient. Don't force bad trades just to make back losses or feel like you need to be super active at all times.
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If you've been struggling trading crypto don't feel bad
This is some of the hardest conditions that we've seen in a long time, especially for spot only traders.
99% of my trades are spot. And if you're like me you've needed absolute perfect timing to catch some moves
You can't knife catch because the accuracy rate is low. And you can't get in on a breakout because a high amount of them fail.
It's been a battle and if you have poor risk management you are likely down considerably.
All you can do is learn from it and be patient.
All markets evolve and adapt so there will be a time when things get easier again.
It's been decent for intra-day traders but for swing traders especially on the long side if you missed the $60k drop then there really hasn't been a whole lot for ya.
Breath, relax, be patient. Don't force bad trades just to make back losses or feel like you need to be super active at all times.