Post
Topic
Board Altcoin Discussion
Re: Many new traders are playing to lose
by
imoet
on 17/09/2019, 13:13:51 UTC
Are you playing to lose or you are playing to win? a friend of mine lose all his bitcoin to trading and when he started complaining about i decide to take a look and i detected that he traded in a gambler's way.
He has 100$ and he traded just twice with 50$ which results in quick lose,im not an trading expert but most trading platforms always warn traders to limit their trading to the highest of 10$ which would have given him more chances to continue trading

Apart from not learning how trading works he is playing to lose,i think this is what many newbies are doing as well,if you are doing the same you will always end up losing your money,if you want to bet 50$ on a trade you must have thousands  of dollars on the trading platform not trading with 100$ and be praying for a miracle.

Trading is not something you can rush,expert traders out there spend days trading for profits and if a particular day is full of loss they quit trading for that day.

The fact is not every person ini this world has ability in trading. People need patient in this kind of job. We must not rush on it. If we can not be patient, we will get lose so much money. In gambling, anything unpredictable can be happen. All risk must be face.