Post
Topic
Board Altcoin Discussion
Re: trade makes me poor
by
veleten
on 06/08/2019, 10:15:17 UTC
Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.

What did you do to your $1000 just only 2 hours ? You should not lose such money in short time.
If you want to be a trader, you must not afraid to sell your coin if the price keep going down.
You should set target when you must sell, and buy. For example if the price -10%, you must sell the coin.
With this way, you won't lose your money easily.

a bad trader can lose more than that in a matter of seconds
and even get into serious debt if trading with margin leverages - do not do that if you are not a pro
some people are attracted to the possibility of easy and fast money and they do not realize that they can go as easily as they come
once again : learn and read before you are trying anything that involves money , be it trading , investment , gambling , banking etc.