ETH Reddit Mentions | ChartExchange

I've been here. I've done exactly what you did. I've gone through all the comments here and honestly most aren't that great. What you did wrong was you chose something that isn't tradeable. Shitcoins are gambling. I know you've heard it many times but there's a reason for this. The people that make these coins know how people try to invest/trade. They create a coin with a decent sounding name or in some cases not even that. It sounds legit or looks good but you put in a little. And make a bit and then put in more and then they rug pull. It's a common thing in the crypto space. Rarely there is a coin that has a proper use case and becomes a proper coin but this is hard to come by
If you want to learn how to trade properly with crypto you can only do that using main coins. BTC, ETH, Solana, LTC etc etc. These work because they will follow technical analysis. Bad coins without much liquidity or volume don't follow TA (technical analysis). They may get an initial burst of volume from people trying to push the coin but in the end they don't follow TA like the main big coins
This also goes for stocks. Trade the big names. Apple, Tesla, Nvidia, AMD, Meta. Etc etc. The bigger and more well known the stock. The more they follow TA. Same with Forex. Trade the main 5 pairs only.
Trading is simple. Once you decide what you want to trade. It can be anything. Crypto stocks or Forex. Just make sure it's the main players. Then you want to start on the higher time frames. Like daily and 4 hour and mark out the main support and resistance levels. Then go down to a lower time frame like 1 hour and then 30 mins and map them out too. Some will align with the higher time frame. Then you trade only at those support and resistance lines. This way it's easy to place your stop loss and have a sense of where it is headed.
Don't worry about how long or short you're in a trade. Just get in and wait until you're break even or your stop loss is hit. Don't worry about how long it's been. Once break even you move your stop loss to break even then your trade is safe and any movement up is profit and your capital is safe. If your stop loss is hit it should be a small loss and you can repeat the process and you will make more then you lose. Take as many trade as you want. Trade a reasonable size. Dependant on how well your entry is and how tight your stop loss is.
It's very enticing to hope you hit a big mover with smaller unknown stocks/coins. But to learn actual trading. It can't be done with them. So either gamble and hope or to trade properly you can only do it with stable well established stocks/coins/Forex. Stocks for example a lot of pharma and bio stocks are like shitcoins so be wary.
Hope this helps

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