Define "Trader" for me, Please.
I am a newbie and have bought stocks for over 50 years. I am excited to buy my first bitcoin, but the old school concept of buy and hold kicks in so where does the "Trade" part kick in? Can you give me a step by step, "A day in the life of a Bitcoin Trader". ie - I set up an account with the Coinbase Exchange and then to stay in sync, I registered for a Coinbase wallet and then bought a Ledger Nano S for security and only then tentitively bought $50 worth of Bitcoin from a Bitcoin ATM machine at the Exxon Gas Station at the corner of Alpha and Beta in downtown Chicago. I held up my iphone to the QR code on the screen and my Bitcoin software grabbed the encryption code .... well you get the idea. I need a step by step primer as to what the "Trader" does to Trade. Thanks for reading.
I posted this on another subject, so please excuse me if it is cross-posted. D
You probably know the right information steps to go about trading but one key thing is that, you don't just jump into it without understanding what its about because a lot of times when people jump into trading, they ended up making money for the experts in the field. What I would suggest is to take the next few weeks in studying the market, understand the trend then try starting out small before going fully into bitcoin. There is no doubt it might be discouraging but don't give up is what matter.