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Author Topic: Im in cryptocurrency 6 months only but i will not risk like other newbies  (Read 286 times)
lalabotax
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June 18, 2024, 09:24:40 PM
 #41

Honestly, this is a pretty wise thing to do. Even when we understand and understand that we don't have enough abilities, it will be much easier to be able to control them better and wisely. One of them is by controlling and managing the risks we will take. Not by going all in on one project, especially one that is currently hyped, that will honestly be detrimental to ourselves. Or take high leverage when doing future trading. It would be very dangerous to do all this. Because of that, it is wise enough to find out the weak areas first, and even if the skills and knowledge have started to become more established again.

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June 18, 2024, 09:24:45 PM
 #42

I keep it Simple i trade only well known main coins btc eth and other main altcoins.
Today i discovered solana was lower so i just bought it i keep it until i see my balance getting bigger then i sell it.

If it's falling i'll buy some more one coin at the time Im not here to grow my coins amount but Im here to see my USDT balance getting bigger Smiley
I was looking into futures leverage trading and meme coins its too risky for me and it takes a lot time and nervous wich i don't have i'll keep it Simple just.
I don't want to touch low caps neither Because of delisting and sometimes not enough liquity.
Im not greedy i'll take my time i don't need that extra stress here to trade.

What you guys think about this ? I mean Im new so i might be wrong
You are taking your time which is the right thing to do, however the most difficult part is to stick to that strategy for the long term, as I am sure there are many newbies which may want to implement such a conservative strategy, but when they realize how long it will take for them to reach their goals, they get desperate and decide to take their chances by investing in shitcoins, and that is when they incur massive losses from which they cannot realistically recover.



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June 18, 2024, 10:59:40 PM
 #43

Honestly, this is a pretty wise thing to do. Even when we understand and understand that we don't have enough abilities, it will be much easier to be able to control them better and wisely. One of them is by controlling and managing the risks we will take. Not by going all in on one project, especially one that is currently hyped, that will honestly be detrimental to ourselves. Or take high leverage when doing future trading. It would be very dangerous to do all this. Because of that, it is wise enough to find out the weak areas first, and even if the skills and knowledge have started to become more established again.
It’s not wrong to engage into new coins as long as you are only taking calculated risk. Even if you lose at first, that won’t be a burden to you, at least you also learn a lesson from that. However, I also agree that it’s honestly bad to invest or trade into hyped coins, the fact that they are only hyped with that particular moment, simply proves that they’re not good for long term investment.

Study the movement of the coins in the market and choose which are more productive for you. Just invest with a small amount at first, and invest at your own risk. If you lose, that’s fine, but if you keep losing all the time, that’s not good anymore. Maybe there is something wrong with how you manage to chose your investment wisely.

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June 19, 2024, 05:19:40 AM
 #44

It is normal for beginners to make this kind of mistake because they don't have the idea of which coin to invest in and which coin is safe for them. It is very difficult for us to decide every thing in the new stage, the common mistakes made by newbies are easy for an experienced trader but not easy for a newbie. If you are well versed in all aspects of trading in just six months and if you only trade with reliable coins in the market then I would say your decision making skills are excellent. In this case you must have been focused on your work due to which you have managed to gain a good understanding of these subjects in such a short time.

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