Bitter truth a real trader must learn

[Olamidetechie]

One bitter truth most of us failed to realize is that trading and cryptocurrency may not be for everybody. When I heard about how a guy lost a huge amount of money on a simple trade taken of the war news and it went against him, that's when I realized that if it's a must for you to trade and you don't want to lose, doing these 3 things might actually help (this is my own opinion as a profitable trader).

The first thing is having to learn and relearn, and use that knowledge in trading big and solid coins like $BTC, $ETH, $SOL on spot trading- at least you don't lose there unless you sell.

The second thing is knowing where to be greedy and where not to, most especially when trading newly listed on-chain projects. Let me take all these new ones as examples: $NEXUS, $BaoBao, $BUNK, $CARV, and also $ACID. Along the line, I decided to pick one to trade on-chain; I won't just pick but rather check the score and do due diligence to see the one doing great in trade, and after seeing a 15% profit, I'm okay.


Lastly, learn how to keep your profits and never use them to trade. Shalom!

[Frankolala]

OP, you need to reduce your image so that it can be eye catching and not the way it is. You can adjust the height of the image like this

Code:

[img height=350]

Trading is very risky and any little mistake can make you lose all the small profits that you have made for long. Memecoins have no way to study them because they don't have any foundation. I see buying all these memecoins as gambling because your chance of making profits is by luck since their value depreciates slowly overtime. It's if you're lucky to buy the one that can pump after you bought it. Don't hesitate to empty your bag immediately.

[Odusko]

If I get anything out of what you posted above is about trading but then this is altcoins discussion board and I am wondering what trading discussions is doing on this altcoins board in the first place.
Although from what you wrote above, I understand that greed is the fuel our loses most of the time.

[shinratensei_]

Trading has always been difficult, you're basically predicting what direction the market is going, even the most expert trader will have a hard time and even with so many sophisticated tools doesn't guarantee the odd.
Only 1 out of thousands can pull off trading and become profitable at the end of their journey.

But here's the thing, since trading is not everyone, anybody can instead holding bitcoin and it's proven to outperform majority of traders profit wise.

[Barikui1]

Trading has always been difficult, you're basically predicting what direction the market is going, even the most expert trader will have a hard time and even with so many sophisticated tools doesn't guarantee the odd.
Only 1 out of thousands can pull off trading and become profitable at the end of their journey.

But here's the thing, since trading is not everyone, anybody can instead holding bitcoin and it's proven to outperform majority of traders profit wise.

This is just the point I envision in my head, just buy Bitcoin and hold, because trading looks very nice and enticing to newbies especially because they thought it is a get rich quick scheme, but once they get burnt by losing all they made and their initial margin, they start feeling as if they were trick into it.
Moreover trading meme coin is like gambling, because it's a coin that lives on hypes alone, that's why once the hypes are no longer there, the token in question start dieing off the market, and this is the major reason why when they falls, is like game over because they will never rose back to where it fell from, so the best thing to do in my own opinion is to buy Bitcoin and hold because their is no better decision you are going to take in the crypto market than that.

[gunhell16]

It is said that trading is just like a natural business where there is a strong time, there is a chance that I will be right, and there is a time when no income is not lost sometimes or often if mismanagement happens to handle it.

So. Of course it is just like the trading here in the crypto that we are also doing today which, we should be able to handle the right analysis of what we do in a crypto assets that we will do with trading activity.

[Olamidetechie]

Trading has always been difficult, you're basically predicting what direction the market is going, even the most expert trader will have a hard time and even with so many sophisticated tools doesn't guarantee the odd.
Only 1 out of thousands can pull off trading and become profitable at the end of their journey.

But here's the thing, since trading is not everyone, anybody can instead holding bitcoin and it's proven to outperform majority of traders profit wise.

You are correct, trading is hard and even the best of the best traders made mistake with analysis or sometimes market takes decision on its own.

[Mrbluntzy]

The second explanation you gave about not trading newly listed tokens is what I would also advice newbies traders against, they should completely avoid new listed tokne because it has contributed to the losses that so many trader had  and I have also witnessed that some new listed token only pump on that first day it was listed and then dump afterwards. If you are willing to take the risk as a trader, observe the market first before you start buying.

[el kaka22]

There are 1000s of other bitter truth, you left out to include. This is the reason, trading is not recommended to anyone and instead of losing your money in trading, you better choose investments with right assets. Trading is working in a way to generate commissions to the platform, you trade and who knows your platform may deploy bots to trap the traders to enjoy the losses along with those commissions.

Yeah, lots of forex platforms were convicted for eating up the stoploss of their customers. They never bother your losses hence we need to conclude that trading itself got lots of own risks already and scammy platforms adding up another layer of risks just for pushing up their profits.