Post
Topic
Board Trading Discussion
Re: Trading with goal setting
by
ethereumhunter
on 06/07/2019, 16:45:52 UTC
Cryptocurrency is really unpredictable. It can go to peak at this moment and drops $4,000 tomorrow. It can also be stagnant for the whole month or so. In this i learned that you shouldnt speculate much about its price bit rather put some goal price or margin where you sell it whether you like it or not. If you dont needed the money yet then its better because you can wait longer than others. With this you cant avoid greediness and earning depending on your goal price.

True! Anything needs to be planned otherwise we won't go anywhere. We need to determine how much profit we want to achieve whether in the short term or in long-term trading and need to set when to cut losses. With the large fluctuations, it will certainly vacillate our feelings if we don't have a guide in the form of a target.

it is very important to plan a goal in conducting cryptocurrency trading so that the profits we earn can be determined because it has an initial plan before deciding to make a sale or purchase


That is what you need to do if you want to make money in trading. You need to think about what is your goals in trading, how much you want to make a profit, how long you should trade in a day and else. You will know that we need to learn more about trading and that will not easy because the cryptocurrency market is fluctuating and you cannot always make a profit if you don't have enough skills.