MY FIRST ORDEAL TRADING CRYPTOCURRENCY.

Experience, they say it is the best teacher. You have not suffered you think you wise, who is you teacher ? Practical they said, it teaches than theory. What you put into practice, you will never forget but what you just read and have an idea about, you are tends to forget anytime. In fact if you don't practice something, to explained it will be difficult. If you read just for reading sake you may not understand the topic to the core but when you read, digest and try to explain such, either to yourself or to someone, then you will see that there's more to what you read.

What am trying to point at here is that going into trading crypto is not just by reading something somewhere and you think you are good to go. No, you just  have 1% of what crypto is. You still have distances to cover before you can look back and said to yourself, I have tried.

Reason why am saying this is that, I also have my personal ordeal during my early days in crypto world. There are ordeals and there are mistakes on the smoothest part of success, even, there are accidents depends on how careful you can be. That is why I will like to share my ordeal on this subject before we proceed on our learning.

When I was introduced to cryto trading, what I was told is buy cheap or less and sell when the price of the commodity increase and repeat the process after you have removed your profit. I don't know that trading is far more than that.

FIRST ORDEAL: The very first ordeal I faced is, which coin do I invest on ? I don't know which one bring profit and which one will makes me loose. In fact I don't even heard about it that you can loose on some coin. So I started gambling, of which on this platform, it is very wrong to gamble. I will just buy what my mind go for and another thing I look for then is the name of a coin, if the name sound familiar I go for it, if it is not I move on.

SECOND ORDEAL: The first ordeal lead to this second one. I will buy any coin and if I see that the coin is not bring any profit I will sell it and moved on to another, not knowing that my capital is suffering for my ignorance already. How ?Each time I buy, my exchange remove their trading commission and each time I sell (either gain or loose) they also removed their shares.

With this, my capital keep reducing and I have not record any physical loose. This keep happening not until when I paid rapt attention to every details when am researching what could have gone wrong before I discovered where I'm making the mistake.

THIRD ORDEAL: Just when I thought I have been gaining experience and wise enough, I started placing a buy order (a buy order is the request to buy below the current market price) thinking that I will buy more lesser than other traders. I will placed the other and you will see the price soaring high. Meanwhile two thing are involved here:
1: I having loose some amount by placing the other.
2: I don't get what I paid for because when the price refused to come down, I will be left with no other option than to cancel my stupid order and move on. And with this, capital is decreasing, I started to be scared, panic thinking of quitting but as times goes on am here to tell you that crypto trading pays if you can risk it.