One of the biggest mistakes a Newbie trader will make is seeing a 25% profit on a coin and go.."Ohh..Take it now..Lock in Profit"
And while thatis an excellent idea at times..It is very important to keep in touch with the project that allowed that profit.
Case in point for me, the the BINANCE coin, BNB.
I first bought BNB in early 2018 -it was 20 usdt a coin and I bought LOADS. PA dropped and so when it went back up to a staggering 34 usdt in Jan 2019, I sold up and went into other coins..happy with my profit.
I did reenter my trades to BNB but I will ALWAYS regret Not holding the BNB I had in the first place.
THINK when you enter a trade about its true potential.
BINACE is one of the most respected and securly backed Exchanges out there. Its coins WILL Grow.
And given how the busines has grown, I can see further huge gains but at the same time, we do need to keep an eye on the market Cap....This does influence a coins price.
for instance, a coin with a distribution of 4 billion is NEVER going to be worth 10,000 usdt a coin.
Be realistic
