Greetings folks so to jump to the main part of this topic I will talk about the two lessons of trade and investment that I think we should always avoid both as newbies and OG..
1)never invest all your funds/ money:.It's certain that as a human being most especially as a Nigerian the way things be so if maybe a person gives you and opportunity to make money and you found out it's legit definitely you will be very exited but then we should never let over excitement get the better of us .as a newbie crypto investor it's said that most of them often get exited to invest very quickly with no plans ahead ,they are just up for the gains that's all .but then I believe the biggest loss is actually when you invest the money you need for your daily life out of excitement . definitely if done he or she will be looking for big trouble from the market and when we talk about bitcoin investment the volatiility alone is very strong, that why it's said to always have a discretional income and a back of funds separate from your investment funds , it's all about financial planing . Even then apart from market volatility there is what we call reality situations where by after you have invested everything into bitcoin maybe you were expecting a monthly pay in 2 days time form your job and then you didn't receive it because your bank network wasn't good .for good 1 week no salary, what will you ? That when many newbies often sell out of frustration.............
2)never hesitate in trade:..we often talk about this alot but the today a friend of mine just had his own experience in his trade well it's not that this is his first time. but then it's said that when it comes to trading both new and old traders we have to be very certain when it comes to decision making in our trade .so today he said he was waiting for an entry and then he finally saw the trader set up he was waiting for since according to him everything was going as planned but then he decided to wait a little longer so that it will completely meet his entry level but then he said that before he left and came back the trade has already passed by far and it's in a straight buy . that's why when trading any little hesitation will definitely lead to you missing an opportunity to buy .why we should never hesitate? Because it will lead to he or she trading their plans for hopes . that's why when ever you see your plans one the right part as a trader you must always enter because trading is all about risk and when you you often try to avoid risk it away comes back and hit you really hard. that's just it,
Furthermore we should always try as much as possible to have good Involvement plans,and strong trading psychology to make quick decisions when trading.........
Thanks for your time folks I hope this topic was of good help....
As a bitcoin or cryptocurrency trader , it is dangerous to trade with all your money, do not use all your money in trading , instead start very small and grow big, and starting very small will enable you to study the market and enable you to eliminate some errors when you eventually increase your trades.
Being able to analyze the market is a very big advantage when it comes to cryptocurrency or bitcoin trading, analysing trends can help a trader make informed decision as you will be able to know the various entry levels and when to exit the market.
