How yall doing, its a great day out there and a wonderful steem day again.

For those who feel like the day wasn't productive or youre feeling down and out.

Just remember and maybe console yourself with the fact that you're on steemit. The mere fact that you know cryptocurrency means that you are inherently part of a revolution, a new wave of ideas, just like the dawn of the computer age, we are moving towards a new dawn, the days of high security, privacy non-breaching and incorruptible public ledgers.

Smile indeed.

Hello steemians, have you checked the market? :)

as of wed may 9 2018
So I woke up less than 30mins ago, the time is currently 6:04am and usually the first thing I do these days once I wake up is to pray, and then check my portfolio to see what is going on.

For the past few days now, i had noticed that btc was giving a sort of swinging vibe, especially after failing to breach the $10,000 mark around Sunday/Monday.

To that effect, I had set stop-limits on the coins I currently held,

ETH, substratum credits, verge, amongst others, to sell into usdt until such a time that the market is stable again.

I would say that singular act gave me a lot of peace of mind as I simply slept like a baby.

But more than that, I find that a lot of people essentially micromanage their portfolios, checking their coins every second, making sure everything is alright, panic selling at outrageous prices and riding the FOMO train down to its crashing point.

This is essentially true for newbies and semi professionals who stumbled into crypto and have had no training apart from YouTube videos.

For the record, I am a major believer of "paying for knowledge"

I just believe that when we pay for something, we are more likely to use that knowledge for our growth, more likely to put to practice what we have learnt, because we exchanged something for it, the knowledge inherently has value.

That said, there are many reasons why micromanaging your portfolio is a bad idea.

For one, cryptos dont work like shares or other markets. Wide swings in prices can mean that yoy selling at one point cause you saw it dipping, will more than likely result in a loss on your end.

Learn your tools

this is a rubbish chart please, not an analysis or chart reading

Even with all the chart reading, rsi, TA, depth map, news and speculations, its still difficult to accurately point that a dip will last a few days to a few mins, hours or months.

So rather than go in and fiddle with every little option you see on your trading board(or exchange), learn your tools.

Learn what it means when the rsi crosses below 30, learn what a buy/sell wall is.

Use bots, set APIs, use limits, stops and all these little trinkets.

Remember, in the crypto world, dont ever think youre a boss or a predator, be calm, ve calculative, be level headed, be nice, be patient and be obedient.

Those who put down their heads to learn, will eventually rise.

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Thanks to all those that ive learnt from. Over the last 6 months ive gone from knowing so little about crypto, to being able to enter a risky trade and not loss out.