The Trading Rookie, How I Don't Make Money Fast & Waste TimeThe bottom is set and once the bottom is in bullish momentum builds up and grows. Bullish momentum is now present on this chart coupled with really high volume. The high volume is what confirms the current move being real and strong. ICXUSDT daily.
When they are not moving nothing can move them. But when they move they move.
We have the bottom and this is good so we only need a continuation and the continuation will come. Notice that this is the same chart as other altcoins, most altcoins.
This is very simple. I just wait.
If you jump in without a plan and prices retrace tomorrow, you will desperate and fold, sell at a loss. Then just three days later ICXUSDT continues to grow. You see how that works? Three days is not a long time.
It happens that the wait can take weeks but some people are ready to earn today, today alone and today only. Here is how that mentality works.
Let's say the unexperienced trader (me) do manage to buy before prices start to grow. "Awesome, finally I got one." Chasing after the next breakout everyday. The pair goes up 10%, 20%, 30%. Then stops and retraces for a few days. The rookie manages to hold and then boom, a nice 50% jump. Total growth some 70% from entry point considering the small retrace.
At this point, the rookie finds out everything about the pair he holds and prepares to "hold long-term." The pairs keep on growing and profits now reach 100%. Instead of securing a trade, a very nice double-up, 100% profits, the rookie becomes greedy and continues to hold.
The action peaks at 120% profits. From the bottom total growth reached 320% but he didn't get the bottom of course he bought when the action was already underway. Next comes the correction and selling is still not even a possibility because remember, I will hold long-term.
Long story short, when the correction hits bottom, the rookie is ready to give up. He sells everything beat down and depressed. "Crap, I missed another bullish wave." The next day, as soon as he sells the bottom prices start to grow... And the cycle repeats.
This time, instead of buying crazy or being crazy, just trust my call.
Buy those trading at the bottom. Those that everybody ignores. I share these in my profile. Wait patiently and then the market will grow. You cannot earn 500% on a pair if it is already moving, it is impossible. The only way to earn big is by buying when prices are low. Hold strong, hold long and as the bullish cycle develops, your money grows.
Short-term trading is also do-able but requires more experience and planning. When the pair is up 20-30%, you can collect profits. This can also be done at 80-100%, it depends. It depends on your trading style, your capital, your goals... It all depends on you. How are you going to profit from this 2025 bull market bull-run?
Namaste.
