Staying away from trading at this time is the best for sanity.
Trading has never and will never be a kinda stroll in the park,its about risks,whether it's the bear or the bull period as both could change anytime,presenting the other..
I do not see any reason to avoid trading right now,its most times advisable to get in at this present market condition and purchase at reduced prices
I'll rather preserve my capital than lose it to uncertain trades.
Are you just getting to know about the unpredictability of this network,there are no certainties,if you wanna store your money(with the same value),then a bank will do just fine
Agree and do not agree with your statement,
I agree with risk part, but I do not agree with your statement asking him to store it in the bank.
peoples have a different kind of strategy, some of us can trade even though the price is going up or down. while some people only trade it when the trend is good or in the bull.
he said that because he wanted to preserve his capital for the upcoming trend when the trend changes he can use his capital to start his position while if he stores it in the bank. He can not use it to take a position when the trend changes which will cause him to lose an opportunity to get profit.