why am i not profiting with etoro?

reina

Hi everyone. I'm trading Cardano (ADA) but I'm very confused as to why I’m not profiting right now, I remember that bought this crypto at 1.05 and it’s at 1.20!

cardano no profitting

DeCaf

You've basically opened a SELL position whereby you'll only gain profits if the price drops. Take it as a lesson to be very careful when opening positions. I strongly suggest you try with your virtual account and get accustomed before opening any position. In regards to what to do in this particular situation, no one knows it might turn out to be a blessing. If ADA drops suddenly then you can do some money or maybe recoup.

AteNTICI

if the price is still going up, i'd suggest you close the trade ASAP and place a 'buy' instead or wait for it to come back down to close and then buy. up to you. for those who are new to the platform, i strongly suggest to practice using the demo account before going live to avoid these kinds of trading mistakes.