Post
Topic
Board Trading Discussion
Re: The Most Important Trading Lessons
by
raven7886
on 27/03/2018, 11:20:06 UTC
The number 1 lesson is the best of all and will teach you everything. Do not believe any groups that are telling you this will happen or that will happen. It will always be just speculation.
No one can predict to what will happen. The price could double anytime or could fall until you cannot take it anymore.
Then all of it will follow, including what you should do to at least have an idea to where the price will go.
Legitimate telegram group of one coin is the best one to get more knowledge.

Yes.  I agree that telegram groups can offer insight.  But no one can accurately and consistently tell you which way the market will go.  The best thing to do, in my opinion, is to recognize the overall trend.  It's hard to miss.  Then act accordingly.  I don't trade at the tops and bottoms, but rather within each trend and ALWAYS protect my earnings.  My personal opinion again, but it's better to miss a pump than lose money.  This way, it's possible to grow portfolio value consistently and steadily over time.  But if you take a huge loss, it's game over in some cases. 
Infact, it is always better to know how to use some of the indicators yourself to make a good decision in the market. You can always get it right all the time, but you can at least make good calls if you are smart enough. It is something that I learned the hard way which made me to learn how to trade.

I feel the whole idea of HODL is over rated and even though it is good for those who do not have trading idea or what to look out for, people should remember they can always learn. Why HODL when you can make the best of what you are holding by trading it ?