Don’t Second Guess Yourself - It Could Be Worth The Risk

Greeting everyone, before I write this, I just want to point out this is not financial advice 🙂but just something that’s been on my mind for quiet sometime now. I just wish to share it with everyone.

Don’t second guess yourself is a new phrase I have started to use for about a week or two weeks now. I’ve been losing out on a few good positions to take advantage of the crypto these past weeks and anytime it happens, I curse myself for second guessing.

I remember I wanted to buy this token. I was checking the hive engine market for about 2 days and realized I could get close to 7000 tokens of that crypto for about 40 hive. I said to myself I want convinced about buying it and after all it wouldn’t go much higher again. Hehe, I was very wrong.

I made up my mind to purchase this token and lo and behold, it had increased in price. Foolish me instead of just using the market price decided that I was going to set a limit order and use my own price. I did and for hours, my order didn’t execute.

The price of the token kept rising till I decided I was fed up and would just use the market order to buy the token. I ended up spending over 50 hive for tokens I could have initially obtained for a little over 40 hive. I second guessed myself and ended up losing. I would have just let it go if that was the only time it happened but as the world is set out to test us and teach us lessons, it wasn’t the only time.

The price of hive over the last month has been hovering around $0.40 - $0.6. When the price of hive was around 0.43, I decided I was going to buy some hive tokens from an exchange. My mind was made up this time and I wasn’t going to change it for anything but then second guessing and doubts crept in. My initial plan was to buy the hive at $0.43 but the price went up $0.02 and that put me off. It went to $0.45 and I was like hive will go back to $0.43.

Huge shot from that $0.45 to $0.50 + as we’ve all seen over the course of last month. When it got to $0.45 and I realized it wasn’t going back anytime soon. I decided to make the hive purchase at $0.46 and at least I made some profit.

Maybe if I did good technical analysis I would have been able to at least give an educated prediction on the trend of hive at the time.

Making good crypto analysis might be the best way to avoid missing out on opportunities and take advantage of the market. For me in addition to making crypto analysis, I think I would stop second guessing myself a lot. I will try to take advantage of an opportunity when it comes to mind or when it has been suggested. I tend to have a good trading mind these days and maybe that’s a hint🙂😂.

Thank you .