Tony116
Legendary
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Activity: 2282
Merit: 1023
DGbet.fun - Crypto Sportsbook
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July 05, 2022, 03:13:12 AM |
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Learn to win, no one succeeds without learning and failing a few times. Even a novice who does not need to learn may succeed, but luck only comes once or twice in a lifetime, and no one can remain lucky for a lifetime. The key to helping us win on all fronts is to keep learning and learning more in order to keep improving. 2. Opportunity will come again and again so do not FOMO. .
No need to rush, remember one thing as long as the market is still there, the opportunity will still come to us. Don't let when the opportunity comes, we don't have money to catch it, stay calm and patient, the opportunity will definitely come.
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bitzizzix
Sr. Member
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Activity: 2520
Merit: 448
Hire Bitcointalk Camp. Manager @ r7promotions.com
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July 05, 2022, 03:31:45 AM |
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Trading when fomo on coin occurs has a very big risk, especially if we lack information about the coin so that we can buy or sell coins at the wrong time so that we get big losses, in the case of Luna for example there I think there must be a lot of people who suffered a big loss due to following the FOMO flow at that time because he thought Luna would recover quickly because of the problem without changing the coin status, but what happened was quite the opposite. So it all can indeed be an expensive lesson.
I've seen many people in the group I belong to suffered massive losses from the sudden unexpected dump of luna. Unfortunately, some of them lost so much beyond what they can afford just because of the hype coming from the mainstream media. This is why it's important to know something before investing to avoid regrets and losses. Investing because of the hype and fear of missing out might cost you a lot if the odds won't be on your side. Which oftentimes happen because that's how the market moves. Sudden fluctuations happen then and there so you must know how to read the trend and do technical analysis not only lucky guessing. Most such cases are experienced by beginners, they just want to win without having enough knowledge and hype is a trap for them. In this industrial world, it is very necessary to learn first before heading to success and victory. like those who have been in this industry for a long time because they must have tasted sweet, salty, sour and even bitter who always do research before doing hype or other actions. but what happens to beginners will be a lesson for them because victory will not be easy to achieve without having sufficient knowledge which they will later learn.
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Mauser
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July 05, 2022, 07:28:24 AM |
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I myself also made a huge loss in this recent BTC crash.
You only made a loss if you actually sold your crypto currencies. As long as you are holding your coins your positions might be red, but you didn't realise any of these losses. As a long term crypto investor there is no real point in marking your positions to the current market price everyday. This is only helpful for traders who quickly buy and sell their positions. Right now we are in a bear market that affects all the major asset classes, even the top stock are down more than 40% YTD. The best we can do is hold out and not give into the panic selling. 1. Money management is very important. It is better to have some plan than no plan. 2. Opportunity will come again and again so do not FOMO. 3. Anything could go to zero no matter how big the project is(Luna disaster).
I agree with you that money management is very important in trading and investing, it gives us discipline and more control over our income and plans our spare money in advance to create an investment plan. A good money management strategy not only focuses on the income but also on the expenses each month. For me it helped a lot to budget my monthly bills and expenses and categorise them into necessary and unnecessary. Only with full control over our finances we a have the chance to quickly react when the market is entering the next bull market.
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Fredomago
Legendary
Offline
Activity: 3108
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
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July 05, 2022, 12:43:02 PM |
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Learn to win, no one succeeds without learning and failing a few times. Even a novice who does not need to learn may succeed, but luck only comes once or twice in a lifetime, and no one can remain lucky for a lifetime. The key to helping us win on all fronts is to keep learning and learning more in order to keep improving. 2. Opportunity will come again and again so do not FOMO. .
No need to rush, remember one thing as long as the market is still there, the opportunity will still come to us. Don't let when the opportunity comes, we don't have money to catch it, stay calm and patient, the opportunity will definitely come. Very practical, if you lose better to learn and continue to enhance your knowledge, if you win try to continue improving your winning strategy and not to stop learning new process, adjustment and lots of doing your research is a key factor to keep succeeding, there are many strategy and path that you can follow while you are still in the process, even experienced traders are not stuck with one strategy they are changing patterns from each market conditions. You just need to allow yourself to move forward and learn things that are important to your investment/trading business.
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amishmanish
Legendary
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Activity: 1904
Merit: 1158
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July 05, 2022, 03:45:56 PM |
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Discipline in managing finances is very important for long term success. Also it is important to buy in dips and hold till the peaks. Keep yor strategy clear and always research well before investing. Experience teaches us a lot. Learn from mistakes of past. Take calculated risk and put your money in circulation.
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carlfebz2
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July 05, 2022, 09:22:34 PM |
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Discipline in managing finances is very important for long term success. Also it is important to buy in dips and hold till the peaks. Keep yor strategy clear and always research well before investing. Experience teaches us a lot. Learn from mistakes of past. Take calculated risk and put your money in circulation.
Some people do look and learn on others past mistakes or current ones which for them to be aware on whats happening around.I can say it would neither be useful or not because there are indeed instances on which you are the ones who in need to experience before you could actually learnt up but its not bad to make out some advancement or making yourself aware on particular conditions which you could actually make yourself able to avoid or somewhat making yourself a little bit more advanced in terms of awareness and learnings. Mistakes and errors are common yet just like on what most people been saying that these are key steps for you to make yourself improved and more better on what you are currently engaging on.
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Naficopa
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July 07, 2022, 10:05:14 PM |
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Discipline in managing finances is very important for long term success. Also it is important to buy in dips and hold till the peaks. Keep yor strategy clear and always research well before investing. Experience teaches us a lot. Learn from mistakes of past. Take calculated risk and put your money in circulation.
Some people do look and learn on others past mistakes or current ones which for them to be aware on whats happening around.I can say it would neither be useful or not because there are indeed instances on which you are the ones who in need to experience before you could actually learnt up but its not bad to make out some advancement or making yourself aware on particular conditions which you could actually make yourself able to avoid or somewhat making yourself a little bit more advanced in terms of awareness and learnings. Mistakes and errors are common yet just like on what most people been saying that these are key steps for you to make yourself improved and more better on what you are currently engaging on. Life is lesson - everyday you learn from your mistakes and prepare yourself to learn from the next mistake. Gambling is no exception. You are happy or your are depressed - there is no middle line - the only thing you can control is your attitude. Being vigilant won't hurt.
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usekevin
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July 07, 2022, 10:18:16 PM Last edit: July 10, 2022, 12:08:57 AM by usekevin |
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In trading,we win or learn is happening,their won’t be the option by the name of the failure.Because every failure teach us how to concentrate on the failure.Sometimes the more potential people like to had a failure in his life.Or else they won’t consider about the phenomenon of victory.It’s apply to the trading,we have to learn trading with knowledge.At the period of 6 months,you will be successful traders.But patience was needed one for the long term trading.
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Wawa2013
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July 07, 2022, 10:48:31 PM |
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Discipline in managing finances is very important for long term success. Also it is important to buy in dips and hold till the peaks. Keep yor strategy clear and always research well before investing. Experience teaches us a lot. Learn from mistakes of past. Take calculated risk and put your money in circulation.
Some people do look and learn on others past mistakes or current ones which for them to be aware on whats happening around.I can say it would neither be useful or not because there are indeed instances on which you are the ones who in need to experience before you could actually learnt up but its not bad to make out some advancement or making yourself aware on particular conditions which you could actually make yourself able to avoid or somewhat making yourself a little bit more advanced in terms of awareness and learnings. Mistakes and errors are common yet just like on what most people been saying that these are key steps for you to make yourself improved and more better on what you are currently engaging on. Life is lesson - everyday you learn from your mistakes and prepare yourself to learn from the next mistake. Gambling is no exception. You are happy or your are depressed - there is no middle line - the only thing you can control is your attitude. Being vigilant won't hurt. If we are afraid of failure and end up choosing more silence and doing nothing, it will only make us a failure. All successful people in this world all must have gone through many failures and made many mistakes in their lives. That is what will ultimately make people successful, because successful people are people who fix every mistake they make. This applies to investing and trading too, so don't be afraid to try new strategies, if we fail we must learn from the failure. I agree we must start to control and improve our attitude in the face of failure, if we don't give up and try to correct every mistake we make carefully. Then finally success will come by itself. Don't be lazy to keep learning to fix our mistakes, people who work hard to continue to learn, then their lives will be better and can eventually become successful people.
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DrBeer
Legendary
Offline
Activity: 3906
Merit: 2147
Payment Gateway Allows Recurring Payments
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July 08, 2022, 08:56:15 PM |
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What the author of the topic described is not something unique or surprising. Let's be honest - which of you started working with crypto in 2017, had a financial education, studied financial and investment management? Personally, I had a basic institute courses in economics, and separate courses in entrepreneurship. I can’t say that I had the same result as the author, rather, on the contrary, I earned well, but ... I didn’t manage to fix everything and turn it into liquid things. I only managed to buy ... what I planned to buy for the last 2-3 years, and set aside a certain amount as a "financial pillow". It took about 50% of what I earned in 2017. And the second 50% of what we managed to earn eventually turned into ... about 5% -10% No, this is also money, but - not received or, more correctly, profit that was not fixed IN TIME, turned out to be quite significant. This was an excellent lesson, and prompted to study more deeply similar assets, the investment market and speculation. Once again I was convinced that a negative experience is the most useful and memorable! I recommend everyone to study the subject matter, read specialized materials, communicate on topics of interest, and constantly develop. This will be the key to a secure and quality life not only for you, but also for your families. Life is a real challenge - every day you learn new thing and then you make promises that you will not make those mistakes in your life ever again and then you do the same mistakes again. I am not very strict with my rules.... and I keep on making mistakes all the time - learning and learning through out my life and not getting the lessons. Perhaps it is more interesting and more fun to live this way, but I try not to repeat the mistakes it is remembered much more often, and more often it protects us from repeated wrong steps. On the other hand, if you live 40-50 years without a negative experience, then a minimal problem will simply kill such a person. It's like falling in childhood - we remember that falling is painful, bumps, abrasions, blood. And each time we try to better control our movement, because otherwise we will get pain again. Here, the truth is an example from physical experiences, financial losses are mental anguish
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bitgov
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July 08, 2022, 09:37:37 PM |
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Perhaps it is more interesting and more fun to live this way, but I try not to repeat the mistakes it is remembered much more often, and more often it protects us from repeated wrong steps. On the other hand, if you live 40-50 years without a negative experience, then a minimal problem will simply kill such a person. It's like falling in childhood - we remember that falling is painful, bumps, abrasions, blood. And each time we try to better control our movement, because otherwise we will get pain again. Here, the truth is an example from physical experiences, financial losses are mental anguish Every second day I make the same mistake and think that I am not going to make the same mistake. And I do it again. Life is a lesson every second day - but I wish and hope that God do not put me in the test which I am unable to bear.
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carlisle1
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July 09, 2022, 02:53:16 PM |
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In trading,we win or learn is happening,their won’t be the option by the name of the failure.Because every failure teach us how to concentrate on the failure.Sometimes the more potential people like to had a failure in his life.Or else they won’t consider about the phenomenon of victory.It’s apply to the trading,we have to learn trading with knowledge.At the period of 6 months,you will be successful traders.
Maybe yes and maybe no, 6 moths is decent enough to learn if you are keen in learning the business. But it's not a guarantee that all can learn trading in that time durations, there are also trading aspirant who spend years but ended up losing more money than learning the process. It's really hard to predict the market especially from a crypto that have a huge volatile activities.
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Wakate
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July 09, 2022, 04:38:43 PM |
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Perhaps it is more interesting and more fun to live this way, but I try not to repeat the mistakes it is remembered much more often, and more often it protects us from repeated wrong steps. On the other hand, if you live 40-50 years without a negative experience, then a minimal problem will simply kill such a person. It's like falling in childhood - we remember that falling is painful, bumps, abrasions, blood. And each time we try to better control our movement, because otherwise we will get pain again. Here, the truth is an example from physical experiences, financial losses are mental anguish Every second day I make the same mistake and think that I am not going to make the same mistake. And I do it again. Life is a lesson every second day - but I wish and hope that God do not put me in the test which I am unable to bear. For us to win then we have to prepare our mindset to learn everything. We need to work towards what we want and learn along to avoid failures and regret later on. Winning comes after we have learnt the necessary things that will make us success. The wise men will always learn from the foolish ones to active fast when such an occasion come to their way. Working towards our goal need pure learning from either reading a book or learning from real people.
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Naficopa
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July 09, 2022, 06:35:36 PM |
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For us to win then we have to prepare our mindset to learn everything. We need to work towards what we want and learn along to avoid failures and regret later on. Winning comes after we have learnt the necessary things that will make us success. The wise men will always learn from the foolish ones to active fast when such an occasion come to their way. Working towards our goal need pure learning from either reading a book or learning from real people.
Life teaches us lesson every other day. And yet we make the same mistake again and again. This is correct we win or we learn. But not everyone has the courage to stand right up after they lose the game. HOwever - one should be prepared for the good and be ready for the worse.
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