Post
Topic
Board Trading Discussion
Re: What is the most important lesson you have learned in trading.
by
rodel caling
on 21/07/2019, 21:42:14 UTC
I have been in forex and stock market for more than 10 years and I have learned a lot of things and I am trying to unlearn many things in other to focus on the one that works. Many people do keep a trading journal but I have never done that. I only write done my trading plan and strategies. In 2017, I came into cryptocurrency trading and tried to abandon the forex and stock trading and though there look similar I see some differences in stability and volatility. Cryptocurrency is volatile and in a few minutes, you can lose all your capital or miss a great opportunity.  the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.



So meaning it's clearly from your thoughts bitcoin moving their price up and down because of speculative not because of volality fluctuations.
I think trasing is all abput knowledge and skill how to get earn focus and qulity to minimize the riak, yes that is truly correct bitcoin or crypto trading isvery risky if you trade wothout learning and lack of knowledge.