Great outline JJG, I really agree with this. Especially the first one - Don't get rekt. Many newbies start with trading or leverage and lose everything before they even understand Bitcoin. Thanks for sharing these principles. A well planned patient trading can be profitable if we follow such rules.
I try to understand what you mean, reading from your first outline it shows that you know that trading in bitcoin for a short time could get the trader lose everything or be at lost, alot of people has try to put you through.
I'm convinced that your fault is using the term trading in your last sentence, maybe what you would have say is a planned patient investor who buys and hold for long can be profitable with their investment but not guarantee if they follow up JJG rules, i know very well that JJG wouldn't advise anyone to trade bitcoin rather invest for a long time.
Every investors goal is to hold for long term and achieve a good return in the end or the future, trading is not a bad idea for those who want to do but it is different from long term investment, which is why no one will advise anyone to involve in trading their bitcoin for a short time profit because people lose their money in the process, most of newbies that want to know about bitcoin are eager to get a profit from bitcoin and is why their plan is to do something that will bring a good profit and it is not a good idea.
You can’t go into a trade without losing money, because it is different from investing in bitcoin for a long term, as a newbie that wants to succeed in bitcoin and achieve a good return or profit in the end, you have to be patient because if you are not patient you will end up selling your bitcoin or lose it in the end.
