Even if all of us are gifted with an inner voice, very rare we listen to that voice...despite that this voice is usually the best compass in our lives. But we are used to obey our mind since it is the rational part of our lives. Maybe you would ask which the connection between inner voice and crypto trading is. Well, I think that besides all the graphs, all the recommendations and safety nets that we are looking for when we are trading, our gut feeling may be a strong support in our decisions.
Why I’m writing about this? Well, I’m in the cryptocurrencies market for about 4 months and I’ve tried to learn as much as possible by reading about various indicators, by following different traders. However, when I’ve purchased for the first cryptocurriences, I've taken that decision based on some advices regarding the best projects to invest my money. Accordingly, I bought Cardano, Polkadot, Chainlink, Uniswap, Elrond. And I trust in these projects.
But at that time, I’ve been tempted to buy some other crypto such as BAT or GLM for example. These cryptos were at very low prices. On the other side, there were many perspectives recommending not to invest in those projects. So, I’ve chosen to buy more ADA for example. After that, in March the whole market suffered an important correction. And I was interested to go for Bitcoin Cash crypto. It was below 700$ and looks like a good offer. Since I’ve started to understand a little bit about graphs and indicators, I’ve tried to analyze a little bit some trading indicators. And of course, I’ve tried to read some traders’ perspectives. Again I was not convince that this would be a good investment. So, I’ve switch into Elrond at that time. Meanwhile BCH has been valued above 1400$.
Recently, when ADA reached a new all time high value, I was feeling that maybe I should buy at least 30% of my ADA portfolio. And buy again when it will go down. However, the charts showed that there is still time to grow, at least for 1 day. On Sunday 16th of May evening I took a look at ADA price...it was 2,02$. Wow! After that I wasn’t interested to sell, waiting another moment. Today the price was at a certain moment 1,05$. Another moment when without any argument I felt that I should take a step in crypto trading and I followed my mind and logical arguments recommending that I shouldn’t take this step.
Starting from today I’ve decided that besides any logical argument, besides any trading indicator or expert’s opinion, my inner voice never lies to me. When you have a solid experience in following your inner voice in your life, then I think you should do the same in trading and in taking decisions regarding your money.
Of course, for those who consider that inner voice is just a tale or for those who are less experienced in getting in contact with their inner voice, following the gut feeling may be risky when it is about money or important decisions. But anyone can learn how to get in touch with inner voice. And as soon as you get that, you will discover that you don’t need to invest so much time to read charts, to follow traders or to listen opinions coming from outside. Using your inner voice will be like having always the right answers and the right directions...without too much effort.
Thank you for your time reading this post. Please let me know if you have followed your gut feeling when it comes to crypto trading. I would be happy to know if there are other people involved in crypto trading who are following more their gut feeling instead of trading indicators for example. Wishing all of you all the best!
