Never was interested in (nor touched on) any other coins other than BTC or ETH, but here we are.
Finding out that there was a decentralized social media really prickled something in the wrinkles of my brain. I really needed a place where I could dump my thoughts, but also interesting enough for me to keep wanting to come back, such as a potential reward system.
Nonetheless, here I am, after doing some readings on how non-major coins worked, as well as the ecosystems different coins functioned on (and what made them different).
As a learner of trading (forex) for about 9-10 months in now, I'm not going to lie, the pressure is quite the killer. It's a probability game, and though many would say that because it's planned and carefully researched, day trading is not gambling. From my mind, since it's a probability game and there's no "hard pity" system like what there is for gacha / lootbox games, I do view this as gambling. However, the key difference is that it is a gamble with managed expectations.
As long as it is in the green in the long run, the reds won't kill one's money off. I am a firm believer of that, and I also firmly believe that I will succeed in the long run, regardless of how far or near it may be.
Currently, I'm still in the stage where I'm back-testing (without as much hindsight as I can via a back-testing software, and not candle replays), but I have yet to be profitable. Building up my skill and experience on market intuition and price action reading response first is my current focus.
It's hard, even though it's just back-testing and not even paper trading, mainly because I am rather clueless when I look at the charts. I'm not keeping things simple enough. I should further cut down my process / steps once I get more hours in and am more used to the charts.
I've back-tested 2 months as of currently and marching into the third month of data now. The first month was -5% return, while the second month was +0.39%. Currently, I think I'm down about 0.8%... but I have to check again. Although it's baby steps but I'm keeping my drawdowns within the pre-established acceptable range, so I am still good.
As long as I can continue breaking even in back-testing for now, it is good. Subsequently, I am aiming for 1% of returns per month, and gradually will be increasing the target as my skills improve.
This will be a long-term marathon-like journey, so let's go!