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Author Topic: Trading sucks, I'll just hold my coins  (Read 25496 times)
boty
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April 06, 2018, 01:55:42 PM
 #861

I think that I can deduce from your problem your main mistake is in your patience, your patience can not be controlled and better practice your patience when playing trading if you really can not be better you buy the mining tool can give you a lot of coin and you just need to sell it.

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April 06, 2018, 02:10:15 PM
 #862

As the market has been dropping continuously, so the simple strategy buy low and sell high doesn't work most of the time. Many people have been losing in trading in this slump market. So, a lot of them have started to hold. As other strategies have not been working.

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April 10, 2018, 07:53:10 AM
 #863

when we do not have proper trading plans, we cannot expect positive results from trading. I guess how gamblers switch over to fun seeking gambling mode, traders also will switch over to long term plans when they find their trading is not good for fetching them profits.
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April 10, 2018, 08:01:18 AM
 #864

I fully agree with you - moreover holding coins automatically increase their price...more people hold - higher goes the price.

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April 10, 2018, 08:21:17 AM
 #865

Trading actually more promising profit than holding because we doing buy and sell many times, and could be you loss because dont have any risk management to avoid loss. Although trading is more risky but trading not gambling , with solid strategy and good psycology we can make profit.

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April 10, 2018, 08:32:30 AM
 #866

Yeah that's a business, sometimes you profitable and sometimes you loss.
Business have a risks and loss is a part from risks. I think you should review your business strategy and try a opportunities in other place.
Maybe trading is not your favorite job but the other business is better for you. Take a time to introspection and review your business plan.

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April 19, 2018, 05:33:58 PM
 #867

Yes it is true somehow because the trading job is very stressful, through lots of task needed in this job it gives you too much burden which can cause you lots of thinking’s and that is not good is not good.
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April 19, 2018, 06:21:57 PM
 #868

Yes it is true somehow because the trading job is very stressful, through lots of task needed in this job it gives you too much burden which can cause you lots of thinking’s and that is not good is not good.
It is easiest to leave your coins for storage and wait for promising prices. But still, trade brings more profit, but for this you need to devote a lot of free time .

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April 19, 2018, 06:40:32 PM
 #869

Yes it is true somehow because the trading job is very stressful, through lots of task needed in this job it gives you too much burden which can cause you lots of thinking’s and that is not good is not good.
It is easiest to leave your coins for storage and wait for promising prices. But still, trade brings more profit, but for this you need to devote a lot of free time .
The fact is that, as in that activity, so in another, you still need a certain experience. Crypto currency is always associated with a huge risk that will not forgive you for any mistakes. You can become either rich or poorer than the Poor.
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April 19, 2018, 07:37:29 PM
 #870

Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.

I though I can trade. Buy low, sell high. Sounds good, doesn't work.

Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1

So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.

So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.

Cheers!

Trading sucks because you don't know how to trade.

You need to have financial background and more then 5 years experience to day trade and get profit from it.

It is better to start investing to ICOs but be careful and diversify risks. Read what is RISK MANAGEMENT and read it 100 times.

The next upcoming ICO is lccx.io - looks like promising exchange based in London.  Well developed white paper, experienced team, located in politically stable jurisdiction.

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