After a few weeks testing the market with a small investment, I have taken away several learnings and losses.
It started at around $70 and went down to about $60, nothing significant. However it could have been different if I had done the work to investigate this a little more thoroughly. Still, I quickly understood that my mentality was not appropriate and I ceased my activities, a timely exit since right after that the market collapsed.
I leave you below some of the things I noticed about my behavior and the market after trading.
- I gave in to fear when I saw the red candles and looked for the sell button immediately. Clearly the declines ended up recovering.
- I gave in to greed when I saw that I was winning.
- The market tests your patience at every moment.
(The typical moment when you buy and the price goes down and when you sell and the price goes up)
- The market tests your greed.
(The impulse to put more into play than you should when you think it's a good opportunity)
Taking the above into account, I made the decision to withdraw most of the capital, now I am at $15 and I plan to use it to test trading taking into account the above described. In addition, rather than focusing on profits, I will try to accumulate currency positions.