fredericktaylor
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December 25, 2023, 10:29:36 AM Merited by fillippone (1) |
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Old people or newbies can never profit through over trade because over trade will lead to losses for most traders depending on the market dynamics you have to invest there will be times when investing in the market will have a 99% chance of loss. To become a good trader, you need to master trading skills.
Investing in the market requires skill and strategy to be successful so if you feel you have not learned anything about trading then better stay away from the treat.
Investing without knowing this knowledge about your trade is more likely to result in loss. You need to understand when to trade and when to sit patiently, it is better not to come to the trading platform without knowing these.
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carlisle1
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December 25, 2023, 11:31:10 AM |
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Trading is a job that requires you to have great skills in many areas, if you have weak knowledge in some areas, you will lose money. I believe that you can earn money in trading, perhaps not a lot of money, but very good results can be achieved by anyone who has enough patience to learn everything necessary and follow risk management.
It is not necessary to trade on futures, learn to achieve an acceptable result on the spot, and this will already be a small victory to begin with.
Once you acquired the knowledge of cryptocurrency trading, you will discover that there are some things you will see in the market during the bearing season that will make you not to rush to sell your coins than to continue buying and wait for the bullish season to come before you can trade to take income from the market. If you want to earn a huge amount of money from your trading, do everything possible to ensure you hold that coins like three or four years before you can trade to make plenty money. Well, as a newbies you can trade once the price of crypto increase little to take a profit from the market and wait again for the price to decrease before you can buy again for another bullish season to come. Acquiring the right knowledge gives you that edge to anticipate, though it's not as accurate as it can be, but you can use it as basis before positioning your trades. I agree that when someone make that move during the bear season and wait till the bull season take place, the amount of possible profits is decent. Just work with your research and study to pick the right coin to invest your money, your knowledge is your key to find the right project to invest.
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Patrol69
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Axioma Holding - Axioma Pay Crypto Card
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December 25, 2023, 01:43:07 PM |
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It is still possible to make a profit if you can do extra trading. Those whose profession is trading always read about the market and their goal is to trade at the right time. They are professional traders and their work is trading so trading is never superfluous for them. If you don't know about trading and even if you do small amount of trading then you are more likely to lose because you don't know about trading. Overtrading I really don't want to accept this. You have the skills you have the ability You can definitely trade and the more you have the skills the more likely you are to make a profit.
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Promocodeudo
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December 25, 2023, 03:44:37 PM |
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Most trader expecially newbies think crypto is a get rich quick scheme, and they feel very excited and motivated to enter the market more believing that it's going to make them rich by over trading, they don't know that quality beats quantity every day.
They just can't wait for the market to come to them, they always chase the market and when they finally blown their account, they start saying trading is a scam or it's gambling, no bro, trading Is more about knowing the craft and be disciplined enough to wait till the market comes to you (your strength). The most funny aspect is that they think that the more they trade, the more money they make. Trading is not like that, you calculate your loss first before your profit
Me I dont trade if the market doesn't come to me, if I don't sees the right setup I don't trade at all, even if it takes a month without trading, it's better for me to wait and be profitable than to lose my capital, stay discipline and be profitable.
op I agree with you. Because there are still many traders who think that they will become overnight millionaires by trading in a few days, it is completely wrong. When we trade we must plan to move slowly through the trade. But we should never trade with the attitude that we will become a millionaire by trading in a month. Patience is very important in trading. We all have to have a long-term plan while trading Full of confidence without the right experience. It's not just it happens on crypto but on different market as well, you can also compare it to first timers who has a really great expectation about their first business. There are so many motivators in the internet but those people really survive in their niche facing a lot of losses along their way on being profitable. Those who are aiming for quick rich schemes are the one who are probably losing their money. Confidence is important but it is much more effective if the confidence is paired with knowledge and experience. I saw where someone wrote that trading is a job, I thought about this for a while but I couldn't have enough insight on this, how will you be confident with something that is programmed without knowing the tricks involved, I don't know much about trading but I know that trading is not for people who feel that they can come immediately and start making money, I think every has a process and that proceed has to be followed for one to be successful in that field, in trading I understand that you must lose to learn, because before you master a movement, if not, you will continue to lose.
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macson
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December 25, 2023, 05:52:10 PM |
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Most trader expecially newbies think crypto is a get rich quick scheme, and they feel very excited and motivated to enter the market more believing that it's going to make them rich by over trading, they don't know that quality beats quantity every day.
They just can't wait for the market to come to them, they always chase the market and when they finally blown their account, they start saying trading is a scam or it's gambling, no bro, trading Is more about knowing the craft and be disciplined enough to wait till the market comes to you (your strength). The most funny aspect is that they think that the more they trade, the more money they make. Trading is not like that, you calculate your loss first before your profit
Me I dont trade if the market doesn't come to me, if I don't sees the right setup I don't trade at all, even if it takes a month without trading, it's better for me to wait and be profitable than to lose my capital, stay discipline and be profitable.
there are many traders who lose because they are too impulsive in trading, many even do not rest for hours, eat and drink late, this is what actually makes their minds confused, gambling must be accompanied by a good lifestyle, so that it is regular and also get enough rest (8 hours a day) if don't do that then it will be impossible to make a profit in trading. Trading is an activity that involves playing with money, the slightest mistake will cause us to lose capital, overtrading is never good for a trader, stop at the right time, and the trading hours are reasonable, don't ever think that the more we trade in 24 hours full then we will become rich, that's a wrong idea.
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AakZaki
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December 25, 2023, 07:35:15 PM |
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Of course, I think planning is already a must-have for all traders, as you said that trading is not easy, therefore with good planning then obviously I think they will not be confused as to when to determine the entry time and exit time. Emotions are always a major problem for every trader, many end up tragically because they don't have a plan and don't have good self-management so when you don't have those two things then obviously you will trade at will, they will be easily fooled by something that looks tempting and they will easily enter without doing some considerations because it is based on emotions especially when they have previously experienced losses.
I think more do not plan trading as your main income especially if you have not really explored or mean not have high flying hours in this field because obviously something bad will never be known when it comes, the name of trading must have profit and loss and I can't imagine when you really need money for needs but on the other hand the market is not in your favor or that means losses are dominating, we must understand that trading requires a high level of calm, and if the situation you are being pressed for money then I am sure you will not be able to focus when trading based on pressure from needs.
Therefore, using money that is not needed when the situation is urgent will be very good because it will not interfere with ongoing main investments. Allocate the money only for investment and if you have reserves that would be even better. I always adhere to this guideline, so that personal money and investment money will not mix and there will be no sales due to urgent needs.
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GeorgeJohn
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December 25, 2023, 09:04:39 PM |
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YouTube channels created the idea that you can make a full-time living from trading, and that trading has become a full time job where you wake up in the morning, make 10 successful trades, and make $5 to $50 in each successful trade. And so you repeat it every day until you become rich, which, if it happens, means that you have an amount of big amounts or it is something that rarely happens and is not even available to everyone, so trading requires patience in the long term until you see some results achieved.
Trading should not be considered as a full time job, because you cannot depend on bitcoin Trading alone because when you depend on it, you might lose for the Trading and their is every possiblity that you might fall totally, its better we diversify our source of income and it's good that we should not depend on a particular business that brings income, so if you are a trader do not hope that your average profits can continue to sustain till eternity
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Humblevirus
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December 25, 2023, 09:20:44 PM |
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It is still possible to make a profit if you can do extra trading. Those whose profession is trading always read about the market and their goal is to trade at the right time. They are professional traders and their work is trading so trading is never superfluous for them. If you don't know about trading and even if you do small amount of trading then you are more likely to lose because you don't know about trading. Overtrading I really don't want to accept this. You have the skills you have the ability You can definitely trade and the more you have the skills the more likely you are to make a profit.
I somewhat agreed with you that, for someone who is well-versed in trading, additional trading will never result in financial loss; however, the reality is that, if someone engages in excessive trading, they will not have enough time to conduct adequate research. For this reason, I believe that, regardless of trading skill level, excessive trading can lead to financial loss because it takes time to thoroughly investigate any coin that a trader wishes to trade. Therefore, refraining from overtrading is the best method for someone to enjoy trading.
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boyptc
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December 25, 2023, 09:28:17 PM |
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Old people or newbies can never profit through over trade because over trade will lead to losses for most traders depending on the market dynamics you have to invest there will be times when investing in the market will have a 99% chance of loss.
That means that no one's going to make profit with trading because you've said either old or newbies. Overtrading isn't bad at all but I also understand that there's no need for a trader to go and overtrade when he's already in profit. With that means to say, when someone who doesn't have enough profits yet. They will overtrade because that's what it means to them until they reach certain profit that they're targeting.
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carlisle1
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December 26, 2023, 09:44:36 PM |
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Old people or newbies can never profit through over trade because over trade will lead to losses for most traders depending on the market dynamics you have to invest there will be times when investing in the market will have a 99% chance of loss.
That means that no one's going to make profit with trading because you've said either old or newbies. Overtrading isn't bad at all but I also understand that there's no need for a trader to go and overtrade when he's already in profit. With that means to say, when someone who doesn't have enough profits yet. They will overtrade because that's what it means to them until they reach certain profit that they're targeting. Nothing is wrong only if the trader understand how things works, though most of the time, overtrading is because of greed, instead of quitting or calling for the day and enjoy your profits. Some traders insist to try for more, thinking that they will continue to make more winning positions, and if by bad luck, all those new positions will be wipe out as the direction of the market eventually didn't favor your assessment. Always have that set target and enjoy instead of regretting if you miscalculated the possible market directions.
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Maslate
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December 26, 2023, 09:58:55 PM |
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Overtrading is a big NO in trading. As long as trading is done with an abuse and is not following already the perfect timing to trade, then trading will result into creating unbearable losses. Some may immediately leave the market for good due to consecutive losses that make them sucked their funds while others are brave enough to consistently face their struggles in trading and eventually learn from it.
Overtrading is never a good option. Instead learn to wait for the market to be favorable to trade and trade only when the market is giving good signals to trade.
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GeorgeJohn
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December 26, 2023, 10:37:28 PM |
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YouTube channels created the idea that you can make a full-time living from trading, and that trading has become a full time job where you wake up in the morning, make 10 successful trades, and make $5 to $50 in each successful trade. And so you repeat it every day until you become rich, which, if it happens, means that you have an amount of big amounts or it is something that rarely happens and is not even available to everyone, so trading requires patience in the long term until you see some results achieved.
What trading needs is a continuous practicing, I understand that in trading their is one of the important thing in trading and I believe that in trading you have to understand the scope or concepts very well before you venture into trading, one of the barriers that makes people or newly traders to lose in trading is as result of lack of understanding the rudiments, making profits in trading is due to your engagement and your seriousness and inability to enter trading market when you are supposed to enter market.
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deathcode
Copper Member
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December 27, 2023, 03:02:54 AM |
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Overtrading is a big NO in trading. As long as trading is done with an abuse and is not following already the perfect timing to trade, then trading will result into creating unbearable losses. Some may immediately leave the market for good due to consecutive losses that make them sucked their funds while others are brave enough to consistently face their struggles in trading and eventually learn from it.
Overtrading is never a good option. Instead learn to wait for the market to be favorable to trade and trade only when the market is giving good signals to trade.
If this situation occurs, traders should start to learn that there is something wrong in the analysis or asset selection they are doing. Sometimes traders have the feeling of chasing profits when they experience consecutive losses. of course that is a bad choice because the situation will only increase losses because trading like that is not recommended. however, traders are sometimes too eager to trade every day. especially if they are beginner traders. they have a lot of interest in a lot of assets and they want to try them out.
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Dzwaafu11
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December 27, 2023, 12:04:50 PM |
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Most trader expecially newbies think crypto is a get rich quick scheme, and they feel very excited and motivated to enter the market more believing that it's going to make them rich by over trading, they don't know that quality beats quantity every day.
Yes, many newcomers get into cryptocurrency with the mindset of getting rich in a short period of time. They don’t think of getting a deep understanding of the market, including the risks and how to manage them. It's very important for everybody getting into the business to understand the market before they start what brings them here, whether trading or investment, but they have risks, and those risks must be known for someone to be a successful trader or investor. However, they think overtrading will help, which is wrong. A knowledgeable trader doesn’t need too much I or F trading before they get profit or take advantage of the market; they don’t have to chase the market; they need to wait for the market to change in a positive direction so that they can get what they want, although I can’t blame them much because of all the knowledge that they lack. However, I think they should learn deeply so that they will get what they want. Me I dont trade if the market doesn't come to me, if I don't sees the right setup I don't trade at all, even if it takes a month without trading, it's better for me to wait and be profitable than to lose my capital, stay discipline and be profitable.
But you know losing in trading is constant, whether you like it or not. You must lose in trading unless you will not. However, the only way to manage the risk is with skills and technical analysis so that you can be able to manage the market and take advantage of it. But just because you are not trading anytime doesn’t mean you are managing the risk that involves it. Maybe you don’t have money to trade or you are still learning and you don’t want to get deeply into it without the knowledge.
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Pandu Geddon
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December 27, 2023, 12:11:00 PM |
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Overtrading is a big NO in trading. As long as trading is done with an abuse and is not following already the perfect timing to trade, then trading will result into creating unbearable losses. Some may immediately leave the market for good due to consecutive losses that make them sucked their funds while others are brave enough to consistently face their struggles in trading and eventually learn from it.
Overtrading is never a good option. Instead learn to wait for the market to be favorable to trade and trade only when the market is giving good signals to trade.
If this situation occurs, traders should start to learn that there is something wrong in the analysis or asset selection they are doing. Sometimes traders have the feeling of chasing profits when they experience consecutive losses. of course that is a bad choice because the situation will only increase losses because trading like that is not recommended. however, traders are sometimes too eager to trade every day. especially if they are beginner traders. they have a lot of interest in a lot of assets and they want to try them out. It's not wrong if done by beginners. it even seems natural for beginners to make such trades. but it's not recommended. especially if a novice trader has no one to direct them or friends to help them. it can be very bad when a trader chases a win in a series of losses that have already been earned. traders must have control over when they should exit a trade and when they should continue. The target is still profit, but we cannot avoid losses if what we do ends up not being in accordance with plans and expectations.
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EarnOnVictor
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December 28, 2023, 11:50:38 AM |
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YouTube channels created the idea that you can make a full-time living from trading, and that trading has become a full time job where you wake up in the morning, make 10 successful trades, and make $5 to $50 in each successful trade. And so you repeat it every day until you become rich, which, if it happens, means that you have an amount of big amounts or it is something that rarely happens and is not even available to everyone, so trading requires patience in the long term until you see some results achieved.
Trading should not be considered as a full time job, because you cannot depend on bitcoin Trading alone because when you depend on it, you might lose for the Trading and their is every possiblity that you might fall totally, its better we diversify our source of income and it's good that we should not depend on a particular business that brings income, so if you are a trader do not hope that your average profits can continue to sustain till eternity I don't agree with you, trading is such that can be done full-time, and as a matter of fact, some people do this and they are successful with it. Let me first say that when you know how to trade and fully understand the rudiment to the extent that you have been making consistent money for months and years, I don't think you should be afraid again, and by that time, you must have been making multiple times of what any job could give you. So why waste your time and life? It is because trading is risky and most people are losing through it that is causing the fear. But once you know it, you know it. Fine, in the beginning, I expect everybody not to expect too high of the market trading, nonetheless, when they eventually get the code that unlocks its success, why not? Trading is a passive income means if I must buttress my point, and I tell people to view it as such too, that is not because it can't be a source of a living, but because I wouldn't want people to have too high hopes in it from the beginning that might cause issues on their mental state while trading. But really, many are trading alone for real and trading in Bitcoin is the cheapest I have ever seen. Many will continue to make their best out of it and get to be successful easily if they have found the code that unlocks it. For this, I see not many issues here, just give it all it takes and you will be just fine.
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carlfebz2
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December 28, 2023, 12:52:47 PM |
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Overtrading is a big NO in trading. As long as trading is done with an abuse and is not following already the perfect timing to trade, then trading will result into creating unbearable losses. Some may immediately leave the market for good due to consecutive losses that make them sucked their funds while others are brave enough to consistently face their struggles in trading and eventually learn from it.
Overtrading is never a good option. Instead learn to wait for the market to be favorable to trade and trade only when the market is giving good signals to trade.
If this situation occurs, traders should start to learn that there is something wrong in the analysis or asset selection they are doing. Sometimes traders have the feeling of chasing profits when they experience consecutive losses. of course that is a bad choice because the situation will only increase losses because trading like that is not recommended. however, traders are sometimes too eager to trade every day. especially if they are beginner traders. they have a lot of interest in a lot of assets and they want to try them out. It's not wrong if done by beginners. it even seems natural for beginners to make such trades. but it's not recommended. especially if a novice trader has no one to direct them or friends to help them. it can be very bad when a trader chases a win in a series of losses that have already been earned. traders must have control over when they should exit a trade and when they should continue. The target is still profit, but we cannot avoid losses if what we do ends up not being in accordance with plans and expectations. We do all start on being a noob on which it would really be just that natural that we would really be experiencing those mistakes and errors on which it would really be just that common. As we do go far ahead then we would really be that slowly be able to learnt up new things as we do go forward. No one starts on being a pro directly on which it would really be just that normal that we are really that prone to tons of mistakes comparing into those people who do already have the experience on which it would really be just that normal that they would be having that edge but sooner or later those noobs would really be becoming that experienced and this is something that everyone would really be going. You would really just need for yourself to sustain and survive. Yes, its never been easy but not something that impossible!.Over trading would really be that usual specially on noobs or into those people who dont have much experience. You wont really be that able to survive or proceed on if you would really be just easily give up. Adjustments and be versatile is the primary behavior on which you would really be that needing for you to surve this market. It wont really be that simple but not impossible.
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Fredomago
Legendary
Offline
Activity: 3066
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
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December 28, 2023, 04:45:11 PM |
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Overtrading is a big NO in trading. As long as trading is done with an abuse and is not following already the perfect timing to trade, then trading will result into creating unbearable losses. Some may immediately leave the market for good due to consecutive losses that make them sucked their funds while others are brave enough to consistently face their struggles in trading and eventually learn from it.
Overtrading is never a good option. Instead learn to wait for the market to be favorable to trade and trade only when the market is giving good signals to trade.
If this situation occurs, traders should start to learn that there is something wrong in the analysis or asset selection they are doing. Sometimes traders have the feeling of chasing profits when they experience consecutive losses. of course that is a bad choice because the situation will only increase losses because trading like that is not recommended. however, traders are sometimes too eager to trade every day. especially if they are beginner traders. they have a lot of interest in a lot of assets and they want to try them out. It's not wrong if done by beginners. it even seems natural for beginners to make such trades. but it's not recommended. especially if a novice trader has no one to direct them or friends to help them. it can be very bad when a trader chases a win in a series of losses that have already been earned. traders must have control over when they should exit a trade and when they should continue. The target is still profit, but we cannot avoid losses if what we do ends up not being in accordance with plans and expectations. .It's a common mistake and need to learn the hard way. I'm pretty sure when traders lose a lot, adjustments should be made, unlike with newcomers, they will try to push for more. Trading is a business where knowledge is the best line of support. All have the same intention, to earn money and be successful, but there are times when, instead of having a good winning trade, Out of greed, a trader will try to push for more instead of stopping and enjoying those winning profits. Over trading also pollutes your mind. Everything that will circulate inside it is about how to earn more, forgetting that the market will not always be as friendly as you think it would.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Hamphser
Sr. Member
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Offline
Activity: 2590
Merit: 337
Vave.com - Crypto Casino
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December 29, 2023, 08:35:29 PM |
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Overtrading is a big NO in trading. As long as trading is done with an abuse and is not following already the perfect timing to trade, then trading will result into creating unbearable losses. Some may immediately leave the market for good due to consecutive losses that make them sucked their funds while others are brave enough to consistently face their struggles in trading and eventually learn from it.
Overtrading is never a good option. Instead learn to wait for the market to be favorable to trade and trade only when the market is giving good signals to trade.
If this situation occurs, traders should start to learn that there is something wrong in the analysis or asset selection they are doing. Sometimes traders have the feeling of chasing profits when they experience consecutive losses. of course that is a bad choice because the situation will only increase losses because trading like that is not recommended. however, traders are sometimes too eager to trade every day. especially if they are beginner traders. they have a lot of interest in a lot of assets and they want to try them out. It's not wrong if done by beginners. it even seems natural for beginners to make such trades. but it's not recommended. especially if a novice trader has no one to direct them or friends to help them. it can be very bad when a trader chases a win in a series of losses that have already been earned. traders must have control over when they should exit a trade and when they should continue. The target is still profit, but we cannot avoid losses if what we do ends up not being in accordance with plans and expectations. .It's a common mistake and need to learn the hard way. I'm pretty sure when traders lose a lot, adjustments should be made, unlike with newcomers, they will try to push for more. Trading is a business where knowledge is the best line of support. All have the same intention, to earn money and be successful, but there are times when, instead of having a good winning trade, Out of greed, a trader will try to push for more instead of stopping and enjoying those winning profits. Over trading also pollutes your mind. Everything that will circulate inside it is about how to earn more, forgetting that the market will not always be as friendly as you think it would. People would really be able to learn up on hardway on which they would really be just starting to realize things on the time that they would really be encountering those unfortunate conditions. Whereas, they could really be able to avoid it out on the first place if they are really just that mindful on the things that they are dealing with and not something that they would really be that sticking into those things that they do have initially believed. yes, its not bad to stick into those plans but we do know that there are plans which are needed to be that changed for you to move forward. Overtrading is really that a common behavior of most newbies on which we do really have in mind that the more we do trade the more chances that we could hit up a good trade on which it is really that very wrong. Sooner or later you would be able to realize on to those things werent just that right for you to deal with. There's no way that you could really be able to stop those losses and mistakes to be done. This is why adjustments would really be that crucial or something that be in default on which you would really be needing to do so.
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Hypnosis00
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 29, 2023, 09:34:35 PM |
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Most trader expecially newbies think crypto is a get rich quick scheme, and they feel very excited and motivated to enter the market more believing that it's going to make them rich by over trading, they don't know that quality beats quantity every day.
Yes, many newcomers get into cryptocurrency with the mindset of getting rich in a short period of time. They don’t think of getting a deep understanding of the market, including the risks and how to manage them. It's very important for everybody getting into the business to understand the market before they start what brings them here, whether trading or investment, but they have risks, and those risks must be known for someone to be a successful trader or investor. Okay, trading is not for everyone, that was the fact. Those who think they could many in a short period will never gonna make it, they will just lose their money. Based on my experience, impatience doesn't fit this job and that is who I was before I realized that it should never be like that si I change my behavior and market approach. It is very important that we are clear on our goal and sometimes we listen to the advice of these successful traders but other than that, it all be our actions and market response. If we fail, it means there is something wrong with us and that is what we have to correct or else, quit trading.
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