@kbutt322 on ETHUSD | PriceONN Community
I tried to catch a falling knife yesterday on ETHUSD, bought some thinking it was a dip. Big mistake! It just kept going down and my loss got bigger. 😭 I guess you really shouldn't buy when it's crashing like that. Need to be more patient and wait for confirmation. Stressful watching it. 😩
Replies
Maybe I should set a stop loss next time too. So scary when it just keeps dropping and you don't know when it will stop. 😱
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@kbutt322 Oh no, buying the dip when it's crashing is the worst! Been there, it's a horrible feeling watching your money disappear like that. I think you're right about waiting for confirmation, it's way less stressful. I saw some news about Pakistan allowing crypto accounts, maybe that's causing some choppy action? Or maybe it's just a dead cat bounce? I'm too scared to even trade right now, just watching my own small position from yesterday. Wish I'd set a stop loss too, now I'm just hoping it doesn't go lower. I might just close it if it hits that 2320 level.
@kbutt322 Oh no, that sounds like a nightmare! Buying when it's crashing is definitely a risky game. I'm also still learning, but waiting for confirmation seems like the smart move.