Post
Topic
Board Trading Discussion
Re: Trading for the Inexperienced Traders
by
TheUltraElite
on 06/02/2019, 11:36:19 UTC
Anyone doing something like that is going to eventually lose his money, you cannot really expect to get monthly profits of 10% to 20% by just investing in a coin when it seems that is going up, trading is a lot more complex than that and if you do not learn about technical analysis you're going to eventually lose all your money because professional traders are all masters of it.
This takes time for the newbies to understand. They think they can jump onto a new shitcoin and then it will become bitcoin 2.0 with a even more massive pump than bitcoin making them millionaires within a few days. People need to understand that money does not come like that. If you take the example of bitcoin holders who made profit from the pump, they had held their coins through thick and thin to come to that range.

TA will also help if you are day trading. But its not everyone's cup of tea so I would advice people to treat it with caution. Long term hodling and selling at pumps always help out. Cheesy