QUIT "Trading", JUST HODL Bitcoin

[lizarder]

I personally agree with this link because 90% of day traders lose money because they don't understand trading well and if they continue trading, they will lose even more money. When we realize that trading isn't suitable for everyone with a much higher percentage of failures, it's better to consider investing. This way, we can avoid much greater losses. If we want to trade, we should learn more about trading skills.

Some might say not all, but I believe almost 90% of day traders lose money and this happens because of the assumption that futures trading is about making quick profits with mediocre trading skills. I personally may have fallen into this category before, so I no longer force myself to trade every day because my abilities are limited.

[Danica22]

I personally agree with this link because 90% of day traders lose money because they don't understand trading well and if they continue trading, they will lose even more money. When we realize that trading isn't suitable for everyone with a much higher percentage of failures, it's better to consider investing. This way, we can avoid much greater losses. If we want to trade, we should learn more about trading skills.

Some might say not all, but I believe almost 90% of day traders lose money and this happens because of the assumption that futures trading is about making quick profits with mediocre trading skills. I personally may have fallen into this category before, so I no longer force myself to trade every day because my abilities are limited.

90% or 97%, sometimes those are just modest number. I could be wrong, but I even think that no one truly makes profits from trading. And stories about someone making money from futures or leveraged trading are just a form of advertising.

Most of us have been or are currently day traders, but it is clear that none of us have made a profit from it. We all experience losses, and this is likely true for the rest of the traders in the market as well.

[solus_factor]

I don't understand why people trade manually when bots exist?.. Do they just want to play a game, like in a casino?

You have to spend your time glued to the screen and be super disciplined to be successful. Why? The thrill of the ride?

[Wind_FURY]

Trading is a means to earn in the cryptocurrency industry and likewise holding, but there are clear differences between the two:

While day trading requirements high level of skills,
Holding does not. This is why many people will prefer hodling because they have nothing to do other than to wait after buying until the price is high or there is a new ATH.

I believe that there are more plebs like us who currently prefer to trade, especially with some amount of leverage, because they think that they could build their wealth faster by walking through that path. But the risk is simply high. It's better to HODL and see your money still there after five years, than "trading" and losing it in five weeks.

I do not encourage everyone to quit trading, you should only quit trading if you don't profit from it. Trading is not for everyone, if you try it and fail, please stop. But if you have found some methods to profit from trading, please keep repeating it without being greedy. A few dollars daily makes a huge difference on the long run.

  

I personally agree with this link because 90% of day traders lose money because they don't understand trading well and if they continue trading, they will lose even more money. When we realize that trading isn't suitable for everyone with a much higher percentage of failures, it's better to consider investing. This way, we can avoid much greater losses. If we want to trade, we should learn more about trading skills.

Some might say not all, but I believe almost 90% of day traders lose money and this happens because of the assumption that futures trading is about making quick profits with mediocre trading skills. I personally may have fallen into this category before, so I no longer force myself to trade every day because my abilities are limited.

Did you actually read the blog? The blog SAYS that the data shows that plebs STILL LOSE money even if they tried to learn how to trade properly.

[shawonngp]

Honestly, I don't know why anyone that wants to pile up wealth for himself in future through bitcoin will jump into trading when we know that trading puts you into losses consistently in the long run because no one can predict the next price movement of bitcoin. They feel because the chart is there but at the end their technical analysis disappoints them and they will put the blame on someone for their losses.


Newbies should ignore trading and put more time into bitcoin long-term investment so that, they wouldn't be wasting their time, resources and energy trading for nothing.

This is very much true that majority lose money in trading. Its important to figure out yourself that whether you can handle wild fire of trading or not, the early you figure this out better it is for you. I don't do trading because I have figured it out that I can't handle it and that's the reason why I switched to hassle free strategy i.e. long term investment. There are traders who are getting good return from trading but they are very few in numbers. Make your decision wisely on whether to go for trading or long term investment because in the end its the individual who will bear the loss.

Trading is a very risky platform, it is not easy to make money from a trading platform. It is very difficult to make money from a trading platform. Those who trade with speculation on a trading platform lose their money most of the time. I am like you, I always stay away from trading platforms because when I know nothing about trading, when I have to trade with speculation, trading becomes very risky for me, in short, it becomes like gambling because I do not know much about trading. The number of traders who get good returns from a trading platform is really very few because not everyone can analyze the trading platform well and is not experienced. However, it is always better to go ahead with the investment and invest for the long term.

Trading is very risky and hard work, I agree with you, but you can't compare trading with gambling; of course, both are different, but for those who don't have any minimum idea about trading, trading is like gambling, because they trade without understanding and keep losing continuously; it's their lack of crypto knowledge. Still, those who do extensive research on trading can earn a good income even late; trading is a passive income source, and many traders depend on it to make a living. There is no reason to fear trading so much. It is definitely possible to profit from it if you have sufficient knowledge and follow the strategies.