With all the volatility of the last few months I was thinking about trading, and came on here to get some advice. The post in question was something along the lines of "don't trade at first, instead, just write down what you would have done and record the results for a month."
So I did. And every decision I made on paper would have cost me. Particularly, I nearly sold my ETH at $2600 with the hopes of buying back in below $2500. Today the price is back over $3k and I'm glad the losses are only on paper. It is clear to me now that trading is not in my wheelhouse and I will continue to simply DCA and hodl.
So I would like to reiterate the advice to any wannabe traders out there. Record your trades on paper and see how you do after a month. If you make money on paper, you'll be more confident in your research and methods when you start using actual crypto. Otherwise, you'll learn you were a fool but it was a free lesson.
Just felt like sharing. Please go about your day.
Edit: spelling.
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