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Fatunad
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April 12, 2023, 08:48:25 PM
 #81

Also it is good to mention that trading is not for everyone, if someone keeps losing again and again and again, the person should not trade again, or change to swing trading in a way that the market would have falled very well enough before he buys a coin or open long position.
Trading can be risky and is not for everyone. Those who frequently fail to win despite their best efforts may need to reconsider their approach or seek outside advice. Some traders may find that swing trading, which entails maintaining positions for a few days to weeks, is a preferable strategy. No matter the trading approach, it's critical to have reasonable expectations, follow risk management guidelines, and be willing to absorb losses.

There's always a borderline and this is something that you should really be needing to see when you are already doing your best but it wasnt still enough and also it had been that too severe on losing money.
It wont really be bad on seeking up some help or advice if we do speak about your errors and mistakes.The only issue on here is that there are people who are really that having the ego that they could solve
out things on their own which it isnt bad either but if things turns out to be more worst then you would definitely be having second thoughts that trading isnt really for you.
You should be sensible on what of your actions because this would be a main reason that might worsen up the situation if you dont go to other options.

R


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Cryptomultiplier
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April 12, 2023, 09:10:17 PM
 #82

The economic hardship has taught a valuable lesson to those who felt trading alone is the solution to their money problems. To get rich they say, one must be focused and be at alert all time so as to buy the dip.
We all know it doesn't quite turn out like this and if care is not taken, ones life might see a concurrent end financial and physically.
Besides just trading, HODLing and stacking Sats' come up as some good investment strategies that could guarantee one has enough to trade with after a duration, should the interest to trade still persist.
It is to note however that only those who have alternative sources of income can adhere to the strategy of stacking Sats' or HODLing.  
For those who just trade, keeping an alternative source of income might be less profitable, as it might cause much stress to the mind and body which might in turn hamper productivity further and lead to frustration of effort and time.
It always best to be guided in best approach for maximum benefit.

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April 13, 2023, 01:09:48 AM
 #83

You will be able to grow faster , and in no time, you will see that you will become a much more better trader than if you go all in and you expect to use trading to solve all your problems. It won't happen because trading is a very competitive market and the volatility is so high that if you do not find some sort of a balance , it will eat you up.
(....)
In short, you will not gonna get back all your losses in just 1 trade.
A lot of traders are upset because of a lot of losses and they intend to go all in just to get back those losses in a short period of time. It's like they are gambling.
They must not treat trading cryptocurrency like gambling because I believe with proper education you can be a profitable trader.

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April 13, 2023, 01:29:39 AM
 #84

In short, you will not gonna get back all your losses in just 1 trade.
It is true. You can have 50% loss from $1000 and your capital drops to $500 but from $500, you can not gain $1000 back with 50% rise. A more difficult task if you have like -70% or -90% from your initial capital.

Quote
A lot of traders are upset because of a lot of losses and they intend to go all in just to get back those losses in a short period of time. It's like they are gambling.
They must not treat trading cryptocurrency like gambling because I believe with proper education you can be a profitable trader.
When they get a big loss, their adrenaline rises which is kind of stimulation and forces them to chase for more losses. They are not aware that when they chase losses like this, they are more likely gamblers and no longer are traders. With bad mood after bad lost streak, they will more easily to make bad decisions which don't bring better trading results for them to cover their previous loses.

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April 13, 2023, 03:38:49 PM
 #85

Any who is in debt, unemployed, and out of cash cannot comfortably go into trading full time. In the first instance, your debtors will be calling you. If you are unemployed, you will look more into looking for a job to sustain you. If you are out of cash, your first need will be to survive. So psychologically you are already defeated even before you go into the market.
There's too much pressure that comes with being a trader. Like it may even take you about 6 - 12 months before you start seeing any tangible progress or even making profit.
Go in with a strategy so that you will not be swallowed up by the market.

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