Post
Topic
Board Trading Discussion
Re: Do You Compare Your Trading ideas with others ?
by
traderethereum
on 15/10/2019, 03:06:29 UTC
There is no benefit in comparing our trading experience with others. Bitcoin market is too random to predict. So even if strategy of other person worked this time and mine failed, it doesn't mean strategy of other person will work again and mine will fail again. Crypto trading is more or less is a gambling.
You cannot view trading as a sort of gambling, timing is everything when it comes to investment and you can have the profit if you are patient enough to sell only at a profit and not to sell off because the market is going down and gambling is entire different as you have no clue about the outcome and hence both are entirely different, if you are smart enough then you will end up in a profit Tongue.
People who don't analyze trading will be gambling because they don't search for an excellent price to buy and sell.
They follow other people's advice, but they never research by themselves.
That will happen, too, with the investment.
And if they keep doing that, they will not be able to make a profit even if they use the investment as the long term investment.
Search the right timing to buy or sell will determine your profit, and if you cannot do that, then better you don't invest in anything.
You can compare your trading analysis with the other, but remember, and you don't need to use their analysis to buy or sell.
You should determine your own price because that is your money, you want to make a big profit than the others.
After you know how much price you want to buy or sell, you can place the order to buy or sell, and leave it until its filled.