uswa56
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September 25, 2024, 04:51:14 AM |
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It is normal for a beginner to lose at the beginning of their trading, even when they are not rushing trading, because no beginner is a trading master when they first enter it - they need experience to build a good strategy in their trading - and this is all built from these losses. The most important thing is how these beginners can learn from their mistakes and be more able to control themselves to stay focused on what they have planned in their trading.
Right; if beginner will not face lose in the first entry of the trading, how will learn from trading, beginners will make a lot of mistakes and wrong step but those mistakes will make a professional trader day by day, no beginner will become professional trader in one day even without mistakes and losses. But beginners have to control their emotion and don't need to rush to make money. If beginners can learn the mistakes they made when they first tried to trade, of course they have to improve and also be more careful when returning to trading so as not to repeat the same mistakes that make them fail again if they can be patient from each of these processes, of course they will be able to be successful in trading, but there are some people after experiencing some failures they leave trading and do not want to learning and also correcting the mistakes they made, of course, this is very detrimental to themselves. There are many things that they must prepare to be able to become a professional trader and also take a lot of time, so patience in the learning process is also needed by those who want to become a trader because without having patience they will be able to leave trading young after experiencing several failures.
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sosruko
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September 25, 2024, 10:36:01 AM |
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Panic-selling or rush selling is not a very good way for trading. remember if you bought bitcoin and hodl then you will always win . you just have to do it at the right time mate. i always get the feeling that i should sell my position when bitcoin is about to go down but i end up selling at the bottom and buying at the top. lol
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Dewi Aries
Legendary
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Merit: 1092
Leading Crypto Sports Betting & Casino Platform
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September 25, 2024, 02:40:12 PM |
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Panic-selling or rush selling is not a very good way for trading. remember if you bought bitcoin and hodl then you will always win . you just have to do it at the right time mate. i always get the feeling that i should sell my position when bitcoin is about to go down but i end up selling at the bottom and buying at the top. lol
I think the spot market is the safest, so I don't have too much significant concern regarding the assets I have in bitcoin, buying high and selling low I think that is an action that occurs due to the overly significant concerns that you feel, if you know and understand about how the prospects and potential are related to bitcoin then a decline is the right situation to increase the amount of your bitcoin accumulation and not sell it, that's what I've been doing all this time and I only have a plan to sell it every four years when bitcoin hits a new ATH and that's why bitcoin is more recommended to be used as a long-term investment asset. In your case I think it seems like you have a short-term plan in trading bitcoin, like a scalping technique where you want to sell high and buy low in a short period of time, there's nothing wrong but I think it's too risky and drains a lot of energy, so I suggest changing your plan.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Fredomago
Legendary
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September 25, 2024, 03:07:13 PM |
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Panic-selling or rush selling is not a very good way for trading. remember if you bought bitcoin and hodl then you will always win . you just have to do it at the right time mate. i always get the feeling that i should sell my position when bitcoin is about to go down but i end up selling at the bottom and buying at the top. lol
Sad mistake but most of the time you made this kind of action when you are unsure with your investment, that's the very reason why traders or investors needs to work more with the knowledge that they need before taking their foot inside this type of business, there are many factors that we needed to consider and once we already familiriazewith that, chances increase that we might make decent amount of potential compensation. Though not everytime but the chance is decent if you really wanted to make your ventures to succes, do not rush to decide but better to invest your time to learn more deeper.
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CageMabok
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September 25, 2024, 03:08:50 PM |
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Panic-selling or rush selling is not a very good way for trading. remember if you bought bitcoin and hodl then you will always win . you just have to do it at the right time mate. i always get the feeling that i should sell my position when bitcoin is about to go down but i end up selling at the bottom and buying at the top. lol
Holding Bitcoin in the long term can be a better investment option and I don't think it should be considered trading if you don't sell it in the near future. And even if you want to sell it again into the exchange, of course the choice is not at a lower price, especially if the price itself is experiencing a decline which can make you lose when selling it. Because Bitcoin is the best coin where its holders don't need to panic if the price is experiencing a decline which in general can still increase again at a better moment. So choose another coin to use in trading and store Bitcoin very safely for your own future assets.
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Adbitco
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September 26, 2024, 11:19:54 AM |
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We should always have this mentality as a trader that trading is a profit and lost business we do even though there seems to be a form of regular profits we should always think that one day lose can likely happened and we can't avoid it when it coming.
Now how does it come? Good! It comes when a trader is proving to know it all or wanting to apply professionalism in their trades then it would automatically turn against them causing a severe loss and even to what they didn't expect of them could likely happened because they aren't cautious of their trades.
Yeah, when a trader start being too comfortable then chances that he might made a mistake and start losing his money, it's best to take time and not to rush anything always anticipate and make sure to have a alternative plans in case things ain't working according to how you anticipate things having good plans and managing both time and finances will help to keep you in-line with how trading works, and same with how most traders do just have that patience inside you then you may take good care of how you adopt and adjust with each situation that you need to face while inside the trade. The alternatives I think that would help is just to keep holding bitcoin or some other reputed altcoin, even as that i don't really encourage anyone to hold any coin that they don't trust on otherwise there could be a tendency to lose them big time because they aren't doing their proper research towards that coin/tokens. Holding shitcoin is not also means that is an alternatives but when solely relying on bitcoin to hold as alternatives also matters alot when trading doesn't favor someone.
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bigmanik
Jr. Member
Offline
Activity: 56
Merit: 16
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September 27, 2024, 02:59:09 AM |
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Well although on this forum I may appear as a newbie because i just recently joined I have actually been trading for some time now and one of the things I've learnt is that wining in trading doesn't come in one day I remember back then when I just started trading I thought I have learnt everything I needed to know about trading and that I could double my money fast and at the time I didn't have a enough money to invest in my trading account so I went ahead to borrow from friends Well I lost all the money and I was in debt I was so depressed and I told myself trading was not for me so I took a break from trading Well during the break I still tried to learn alot about trading as I could and then I came back and still lost money again What I'm trying to say is it takes time to see results If you are the kind of person that doesn't learn from your mistakes you will keep loosing money but if you are the kind of person that learns and is always learning with patience and consistency you will surely win Trust me just keep going
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Rampagoe004
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September 27, 2024, 07:36:12 AM |
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Panic-selling or rush selling is not a very good way for trading. remember if you bought bitcoin and hodl then you will always win . you just have to do it at the right time mate. i always get the feeling that i should sell my position when bitcoin is about to go down but i end up selling at the bottom and buying at the top. lol
Holding Bitcoin in the long term can be a better investment option and I don't think it should be considered trading if you don't sell it in the near future. And even if you want to sell it again into the exchange, of course the choice is not at a lower price, especially if the price itself is experiencing a decline which can make you lose when selling it. Because Bitcoin is the best coin where its holders don't need to panic if the price is experiencing a decline which in general can still increase again at a better moment. So choose another coin to use in trading and store Bitcoin very safely for your own future assets. Storing bitcoins in the long term is a trick used by both large and small investors. Bitcoin always sees very significant price increases from year to year, almost equivalent to an investment with Gold in an era that has advanced technology. If you save bitcoins for a long period of time, open the buying and selling guidelines again if you can make a little profit but it will become an asset for the future. Many of them panic and rush into trading, it's a shame to buy at a high price, sell at a low price. That's why every trader needs an experienced mentor. so that you can be controlled in seeking profits and also good future assets such as storing bitcoins in an undetermined amount.
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Fredomago
Legendary
Offline
Activity: 3150
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
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September 27, 2024, 09:07:10 AM |
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We should always have this mentality as a trader that trading is a profit and lost business we do even though there seems to be a form of regular profits we should always think that one day lose can likely happened and we can't avoid it when it coming.
Now how does it come? Good! It comes when a trader is proving to know it all or wanting to apply professionalism in their trades then it would automatically turn against them causing a severe loss and even to what they didn't expect of them could likely happened because they aren't cautious of their trades.
Yeah, when a trader start being too comfortable then chances that he might made a mistake and start losing his money, it's best to take time and not to rush anything always anticipate and make sure to have a alternative plans in case things ain't working according to how you anticipate things having good plans and managing both time and finances will help to keep you in-line with how trading works, and same with how most traders do just have that patience inside you then you may take good care of how you adopt and adjust with each situation that you need to face while inside the trade. The alternatives I think that would help is just to keep holding bitcoin or some other reputed altcoin, even as that i don't really encourage anyone to hold any coin that they don't trust on otherwise there could be a tendency to lose them big time because they aren't doing their proper research towards that coin/tokens. Holding shitcoin is not also means that is an alternatives but when solely relying on bitcoin to hold as alternatives also matters alot when trading doesn't favor someone. A matter a lot when you are expecting and the market turned against you, not all alternative coins will move the same direction where Bitcoin is heading, most of them are being played by traders and when you feel uncomfortable and sell your holdings that's the time where those big players starts to hype the project, more on timing and how good you are in trusting whatever project you decide to support and hold, but yeah, better to stay with Bitcoin if you have decent amount of money to invest.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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betswift
Copper Member
Jr. Member
Offline
Activity: 238
Merit: 4
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September 27, 2024, 09:29:38 AM |
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I totally get where you’re coming from! When I first started trading, I was eager to make quick profits, and I rushed into it without really understanding what I was doing. I lost money pretty quickly and learned the hard way that patience is key.
I found it way more effective to take things slow, focus on learning the basics, and make smaller trades. That way, I could actually see what worked and what didn’t without losing a ton of cash. It’s a lot less stressful to build up your skills gradually, and those smaller losses can really turn into valuable lessons.
Yep, don't push your luck, use limits on your sessions, be wise, and responsible, and it will click for you in no time. Experience builds up naturally, and it's good to be in a position where nothing would make you do something unwise.
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Dewi Aries
Legendary
Offline
Activity: 2870
Merit: 1092
Leading Crypto Sports Betting & Casino Platform
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September 27, 2024, 04:02:21 PM |
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The alternatives I think that would help is just to keep holding bitcoin or some other reputed altcoin, even as that i don't really encourage anyone to hold any coin that they don't trust on otherwise there could be a tendency to lose them big time because they aren't doing their proper research towards that coin/tokens. Holding shitcoin is not also means that is an alternatives but when solely relying on bitcoin to hold as alternatives also matters alot when trading doesn't favor someone.
A matter a lot when you are expecting and the market turned against you, not all alternative coins will move the same direction where Bitcoin is heading, most of them are being played by traders and when you feel uncomfortable and sell your holdings that's the time where those big players starts to hype the project, more on timing and how good you are in trusting whatever project you decide to support and hold, but yeah, better to stay with Bitcoin if you have decent amount of money to invest. So far I think there is nothing better to be used as an investment asset in the crypto world than bitcoin, or some coins below it such as ETH or BNB for example, and besides that I don't believe in other coins, the reason is clear that it is a coin that has been proven to have good prospects in the long term, especially bitcoin itself. But there's nothing wrong with choosing a small coin type to trade or use as a long-term investment asset for example, because after all everyone has their own choices and points of view, something that I think is good and good is not necessarily good according to you, but the point is you have to know about all the risks when you trade coins that are not very popular, none other than because there have been quite a few of my friends who have experienced quite significant losses when they trade coins that are not very clear in their prospects until finally their investment funds get stuck.
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Mr. Magkaisa
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September 27, 2024, 04:58:53 PM |
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Rushing trading as a newbie have been the main reason for lose of money, we always want to gain the profits even in the first trade. I know the ultimate goal for every trader is to make profit in trading but since newbies are not very familiar with trading it is better not to rush it because taking your time to learn trading will help in reducing lose due to lack of understanding. It is better to go slow with trading and be consistent as beginner than to be very fast. Rushing trading is not very bad though, with the interest to learn fast can also make new traders to know what they want about trading but it will cause so much lose of money. For the fact that trading is very risky especially for those who are new in it, it is better not to rush into it. Take your time to learn even if it will cause you to be slow, it will help to reduce loses as a beginner. When loses are not much for a beginner it is a good experience for trading as a beginner.
- Those who often lose in actual trading and those who do not have enough knowledge in trading or beginners, those who are in a hurry to make money in crypto trading, are the ones who always lose their capital in trading. Because others think that it's easy to make money in trading because it's just buy and sell, they think that's all and that's the end of it; they don't know how to discuss crypto trading widely. That is why its much better to slow learner rather your a fast learner but didn't implement the proper way in the actual trade.
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justdimin
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September 27, 2024, 06:55:33 PM |
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The alternatives I think that would help is just to keep holding bitcoin or some other reputed altcoin, even as that i don't really encourage anyone to hold any coin that they don't trust on otherwise there could be a tendency to lose them big time because they aren't doing their proper research towards that coin/tokens. Holding shitcoin is not also means that is an alternatives but when solely relying on bitcoin to hold as alternatives also matters alot when trading doesn't favor someone.
I do agree that holding good ones will make you money. There are some people who are holding some tokens that very few people heard, and they have high hopes about them, I know that's not a good thing and will not end well for people. I think we should be considering this as not a good move, we need to make sure that things are going good enough and we should not be worried about it. I understand that it is not that great, and I understand that it looks like a tough deal but if you could just hold bitcoin, or eth, or even bnb, that would be a lot better during this period and could give you good income. All those other alts that look risky are not good enough to hold right now and I think we shouldn't really be looking at this all that terribly, it could do fine.
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ndutndut
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September 27, 2024, 07:29:32 PM |
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Panic-selling or rush selling is not a very good way for trading. remember if you bought bitcoin and hodl then you will always win . you just have to do it at the right time mate. i always get the feeling that i should sell my position when bitcoin is about to go down but i end up selling at the bottom and buying at the top. lol
This is what often happens to beginners, they panic or rush into a falling market. In the end, what often happens is that they sell at a low price and buy back at a high price. In other words, when selling the price goes up, when buying the price goes down, even though in the crypto world, ups and downs are common because bitcoin is very volatile, so if you rush too much, you will lose. So, if you really invest in bitcoin, you don't need to rush and panic because bitcoin is an asset that can allow you to achieve financial freedom in the future as long as you are patient and hold it in the long term. The point is, you have to learn the crypto world so you can avoid panic and making decisions that are too hasty. So after knowing that the price of Bitcoin is very volatile and can change quickly, then to be successful in Bitcoin investment, you must control your emotions and stick to your investment strategy.
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stomachgrowls
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September 27, 2024, 08:45:57 PM |
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Panic-selling or rush selling is not a very good way for trading. remember if you bought bitcoin and hodl then you will always win . you just have to do it at the right time mate. i always get the feeling that i should sell my position when bitcoin is about to go down but i end up selling at the bottom and buying at the top. lol
This is what often happens to beginners, they panic or rush into a falling market. In the end, what often happens is that they sell at a low price and buy back at a high price. In other words, when selling the price goes up, when buying the price goes down, even though in the crypto world, ups and downs are common because bitcoin is very volatile, so if you rush too much, you will lose. So, if you really invest in bitcoin, you don't need to rush and panic because bitcoin is an asset that can allow you to achieve financial freedom in the future as long as you are patient and hold it in the long term. The point is, you have to learn the crypto world so you can avoid panic and making decisions that are too hasty. So after knowing that the price of Bitcoin is very volatile and can change quickly, then to be successful in Bitcoin investment, you must control your emotions and stick to your investment strategy. Experience is the best teacher and there's no denial on that, we are all once a noob and we have definitely be able to experience those things on which i could say that this one would really be that inevitable. The issue on here is that not all people would really be having those realizations on which on the moment that they are seeing falling prices or market dump situations then they do really become that too reactive on which this one really causes up for them to have that kind of those bad decision making because they do panic out. On the time that they've seen that the market do make out some recovery then this is the time or moment that they would really be having those regrets. Just like been said that everything would really be that accordingi into someones decisions and on the things that they have learnt in the past. Success isnt something that could be known on trading field or investing into crypto not until you would really be finding yourself that profitable. If you are really that serious on trying out to sustain this market then you should really be that versatile as much as you can on which making up some adjustments basing up on the market condition and would really be acting out accordingly. You cant really be able to make out some assurance but at least you are really that doing on the right approach on which only a few could be able to do so.
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Peanutswar
Legendary
Offline
Activity: 1722
Merit: 1303
Top Crypto Casino
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September 28, 2024, 03:56:55 AM |
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Panic-selling or rush selling is not a very good way for trading. remember if you bought bitcoin and hodl then you will always win . you just have to do it at the right time mate. i always get the feeling that i should sell my position when bitcoin is about to go down but i end up selling at the bottom and buying at the top. lol
Im pretty guilty in that part like the recent dump happens I got carried away with my asset reason to have a panic selling and then makes a regret seeing the market right now are sitting around the 66k mark and of course every action there's a consequence. Now as per checking on the market I guess its time for another position and preparation for the ber months and next bull run. Mistakes from the last three years before halving I hope I will not do the same thing.
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Dzwaafu11
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September 28, 2024, 06:58:55 AM |
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Rushing trading as a newbie have been the main reason for lose of money, we always want to gain the profits even in the first trade. I know the ultimate goal for every trader is to make profit in trading but since newbies are not very familiar with trading it is better not to rush it because taking your time to learn trading will help in reducing lose due to lack of understanding. It is better to go slow with trading and be consistent as beginner than to be very fast. Rushing trading is not very bad though, with the interest to learn fast can also make new traders to know what they want about trading but it will cause so much lose of money. For the fact that trading is very risky especially for those who are new in it, it is better not to rush into it. Take your time to learn even if it will cause you to be slow, it will help to reduce loses as a beginner. When loses are not much for a beginner it is a good experience for trading as a beginner.
Newbie traders think they have known everything, and they think they are qualified to be able to trade on their own. Some of them think seeing another person win will make them also get the same risk, and this is something different. Trading has a lot of risk that needs to be studied. Some of them failed to learn the basic knowledge of trading, although even professional traders lose, but the professional traders know how to manage risk and other things that will not cause them to lose too much money in their trading, which newbies did not know.
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Webetcoins
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September 28, 2024, 10:11:55 AM |
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So far I think there is nothing better to be used as an investment asset in the crypto world than bitcoin, or some coins below it such as ETH or BNB for example, and besides that I don't believe in other coins, the reason is clear that it is a coin that has been proven to have good prospects in the long term, especially bitcoin itself. But there's nothing wrong with choosing a small coin type to trade or use as a long-term investment asset for example, because after all everyone has their own choices and points of view, something that I think is good and good is not necessarily good according to you, but the point is you have to know about all the risks when you trade coins that are not very popular, none other than because there have been quite a few of my friends who have experienced quite significant losses when they trade coins that are not very clear in their prospects until finally their investment funds get stuck.
This is so true and yet so many people ned up investing into terrible tokens and doing terrible investments. I think it is not looking that good at the moment and I feel like the best thing that we can do at the moment is bitcoin investment. I understand that it doesn't feel like a great investment at times, but it's really the best one out there and we should not be having any type of problems for the long term at all. I get that it is not something that many people think about or consider constantly, but it is also something that doesn't really mean that we should be looking at tokens that is basically scam. Just keep on investing as smartly as you can with whatever income you can put into crypto, and you will be doing fine.
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Zanab247
Full Member
Offline
Activity: 1372
Merit: 215
Catalog Websites
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September 28, 2024, 12:14:13 PM |
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Panic-selling or rush selling is not a very good way for trading. remember if you bought bitcoin and hodl then you will always win . you just have to do it at the right time mate. i always get the feeling that i should sell my position when bitcoin is about to go down but i end up selling at the bottom and buying at the top. lol
Why must you be panic or rush to trade in the market when you know that, the price of BTC use to change to positive and negative in the industry, and the more you exercise patience in your trading, the more you begin to get the experience on how to accumulate in profit making.There are some winning that will bring out small result while there are some winning that will bring out big result, and if you want to win big in your trading, don't be rush to trade when you have not done your research about the present and future of the market because when you carry out your analysis, it will help you not rush to trade but to wait for bull run to occur. I guess newbies will learn a new things from this trend today to eliminate the spirit of rush from their trading, because the rate newbies are experiencing losses these days in their trading, is very high because they don't want to slow down to observe the market price before trading.
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Yukyzu
Full Member
Offline
Activity: 392
Merit: 101
⭕ BitList.co
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September 29, 2024, 12:30:04 AM |
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Rushing trading as a newbie have been the main reason for lose of money, we always want to gain the profits even in the first trade. I know the ultimate goal for every trader is to make profit in trading but since newbies are not very familiar with trading it is better not to rush it because taking your time to learn trading will help in reducing lose due to lack of understanding. It is better to go slow with trading and be consistent as beginner than to be very fast. Rushing trading is not very bad though, with the interest to learn fast can also make new traders to know what they want about trading but it will cause so much lose of money. For the fact that trading is very risky especially for those who are new in it, it is better not to rush into it. Take your time to learn even if it will cause you to be slow, it will help to reduce loses as a beginner. When loses are not much for a beginner it is a good experience for trading as a beginner.
Newbie traders think they have known everything, and they think they are qualified to be able to trade on their own. Some of them think seeing another person win will make them also get the same risk, and this is something different. Trading has a lot of risk that needs to be studied. Some of them failed to learn the basic knowledge of trading, although even professional traders lose, but the professional traders know how to manage risk and other things that will not cause them to lose too much money in their trading, which newbies did not know. When a beginner thinks that they already know everything about trading well, of course they have made mistakes and as beginners in trading, of course they must be very careful in entering trades and it would be better if they had someone who already understands trading well who can accompany them when they first try trading. Yes, you are right, in trading, of course there will be many risks that will be faced by anyone who does it and it is not uncommon for us to see those who already understand trading well still experience failure, but the failures they experience are certainly different from those experienced by beginners.
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