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Author Topic: Put this in your mind as you begin trading  (Read 248 times)
CryptocurencyKing
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July 03, 2021, 08:45:14 PM
 #21

Bitcoin has become a trend, people are still scared for sure, some persons view it as a scam project due to the fact that, scammers payment media and scammers see it for a get away with fraud and for this, most persons choose to stay off and and safe. The few who crash into it and dare to invest think its all profit oriented you know. Its volatile nature would always be in the bull side even if it experiences a little adjustment to the bears, it would soon shift to the bulls in no time.

Well, thats correct, the shift often comes but, the time is never certain and could take longer than expected too. The question is, can you wait? Can you wait for that bullrun that puts you in profit? It's your lack of patience that puts you on the lose should you have been hodling. Also, should you have been trading, your inexperience plays a big role in getting you further down the hole.
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CryptopreneurBrainboss
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July 04, 2021, 12:43:23 AM
 #22

Just have at the back of your mind that the price can drop at any time without any notice.

You don't have to space your writing so it looks long, having more character, words or space doesn't always relate to quality. You can post an important content with just one to two lines and the users you intend passing the message to will understand you. Be after imparting that one life and not after impressing the masses. That been said, I have another opinion contradict to what you just wrote especially that part I quoted above.

Instead of focusing on the fact that the market can drop at anytime, why don't you focused on the positive side of the volatility of the market, that's the price can raise without giving any warning which us why you should choose investing over trading as a newbie.

I'm not trying to say the other isn't profitable but considering the stress, workload and other factors needed to be successful at trading, it isn't something to be rushed into and if you go in with the mindset of getting quick money, you'll be disappointed.

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Peanutswar
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July 04, 2021, 06:36:49 AM
 #23

If you want to deep into the world of trading I guess its better if you make an investment with your knowledge first not all the time as a trader you will win those trades what if you are just having a ride with the bullish or bearish market but what if you will not see the stable market how you will make a trade now this is the time you need another trading plan. Every trader has their trading plan because it serves as a guide to making a profit if you lose your path you can take it back again. Information is everywhere today all you need is having a will to read those references and guides and also try to apply them into the real world of trading. Experience is one of the main goals too to learn those your mistakes and mistake of other people to prevent losing your money. Every trade there losses but the end of the day is on the total profit.

I guess it belongs in the trading discussion? if it is you can move this to the other board.

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clorasteinberg
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July 09, 2021, 04:57:05 AM
 #24

I agree. Bitcoin is all about understanding the strategy and then making it work.
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