twosquare:
I understand your pain. I've been there, but now, I can smile. And I have a target.

One of the ways to quickly turn your margin to dust is not understanding the market.

Secondly, I mentioned earlier on this thread, know your strength. I've made some of the mistakes you mentioned here.

That's why I quickly sought help. They say follow person wey no road. And I did, which reduced my losses significantly and increased my profits. It's not good to deceive oneself. When you realise this is not working, then it isn't. Since I knew I didn't understand it, I quickly throw hand up. Now, I do small small.


Third is, the market takes from the impatient and gives to the patient.

I was once -$60 down on a $150 portfolio on a coin, futures. It felt like deja vu. I could have closed it, but I said, let me just watch what will happen. I will wait it out. After all, I've seen people with - $200k PNL, and after some weeks after, it turned positive. Now, that same coin is on +$80. Yea, I had a bit of a slightly bad entry, but I waited. In some cases (not all cases), all some of you needed to do is wait to break even or stay in small profits and close.

I still make some small, silly mistakes, which have affected my portfolio but I learn from it until I reach full awareness. Based on the above, I only recommend it on coins with strong fundamentals.

Also, one mistakes we noobs make is venturing into futures. Spot is bad enough, now you want to navigate the stormy realm of futures. Yes, you can increase your earnings with it faster, or send yourself back to the village in a jiffy too. Treat futures like spot, and you won't have much problem (whoever reads, let him understand this part).

You said you short the market, don't work against the trend. Yes, there will be pull backs here and there, but we are in a pre-bull season. I short Sats last week and within minutes, +$40...instead of me to take profit and close, I waited. Later, it turned to - 40. I was pained. What did I do wrong, waiting for it to reach my target instead of doing scalps. Standing in front a speedy train. Even though I got the bearish signal right, I was still wrong in application.

Like I said in some of my posts, HOLDers make the most money, not traders. That we are entering the bull market doesn't mean you still won't lose if you don't awaken your consciousness to what is making you lose.

You may gain massive profits in the bull market and watch it disappear because you don't have your exit and never looking back strategy.

About HOLDers, even a noob will become profitable because a broken clock is twice right a day. Just following the principles of monthly low, yearly low, monthly high, yearly high can make people profits. But the issue is not understanding the principles but WAITING (PATIENCE) . That's the key.

If we approach crypto with the idea of stocks, we will get rich. But if we approach it with the idea of MMM, we are all going back to the village.

I have bought some coins now and set it ATH and forgot about it. The email notification will wake me up.

I'll reiterate again, follow person wey know road, not person wey dey act as if say e know road. This is to cut short your journey.

I did not even lose up to you before I sought help. I was a holder before I ventured into trading. Perhaps I should have stayed that way. But God knows our path.

Sorry for the epistles guys, just to clear things up and give words of encouragement. Even me cried during my time, but now, I know as I ought to know. I leverage on other people's wisdom and some of mine.

cmoney22222:
Na me and my guys dey short am

FalseProphet1:
I'll buy 5 before the end of the year.

This I have seen.

Ikaeniyan0:
The Russian red fox have been domesticated in Russia.

monsuru56:
Very ugly Igbo bitttttvch

PerfectStranger:

As you stopped, has it added or subtracted anything from you or from the world? NO!!!

IconicR:
Valid question. This one above me keeps pretending as if he doesn't send women but in reality he be promiscuous man.

Williamssheks:

Gaspardd:
Pple saying 30k on outing is too much re just being unreasonable.... You dont know aw boring it is to be single? Without being social, d aloneness can make sn run mad. You need this little outings to recharge your soul.
2. Even to have a gf/wife is far more expensive than that.

And for me also, im equally confused. Cuz the way money dey miss for my account enh? Ahhhhhhhh lord have mercy.

Earthstorms:


7000 naira per acre per year

placeofallure:


You are very wrong.

Infact I was smiling as I read through everything the writer said cause I can relate. I have lived in that kinda environment. I was born there and grew up there and every character the OP described was present in our house. We do fight but those fights never last beyond hours. And if an outsider dared to fight anyone among us, he is in deep trouble.

We have eaten sacrifices too but we're good. You know that thing they call "saara", we don chop am. We're plenty. There was no house in our neighborhood then that could boast of about 50 or 60 children except our house. Even from the nearby streets, they come and hire or rent us to come and eat saara and our parents oblige gladly. Damn!

We don't shy away from running errands, in fact we love it. All the children will gather today and fetch water for Iya Bose. Tomorrow, we will fetch for Iya Idowu, we will fetch for Iya Sara etc. My mum was the disciplinarian of the compound. Every child fears her, she's Madam Kogberegbe. That attitude shapened me and I'm eternally grateful to her for that. My dad doesn't beat, he's never beaten me as a matter of fact.

Talking about being successful in life, more than half of us do not live in Nigeria anymore. They live in overseas countries and they're doing well. We have chartered accountants, we have lecturers, we have bank managers, we have CEOs now. I have fond memories of that house and all of us still communicate till tomorrow, we attend family events together still. We loved ourselves truly.

Sadly, all the elderly males (the fathers) are dead except my dad yet he wasn't the youngest then. Talk about God's superfluous blessings.

Fond memories, fond thoughts.