Post
Topic
Board Trading Discussion
Re: Why people run away from trading!!!
by
Zackgeno96
on 27/06/2020, 15:25:36 UTC
A lot of people run away in trading because they mostly don't understand what they are doing, they usually think crypto trading is easy as pie but in reality trading is not that easy. Specially if you dont have any patience and risk management in trading.
Those people were running away from trading, of course once they had earned money from trading. Who's given up, after all again everyone will start trade. I don't quit trading because trade profits are always possible. patience is the key to success. My patience is becoming low when the price drops. To recover from these losses, I have to accept losses or hold coins for a long time.
In trading altcoins there are always high chances of you getting REKT, also many a times I have been struck in pump and dump schemes holding that hyperinflated bag of coins. Instead what I do now is margin trading as in it I only have to do technical analysis of a single coin which means more focus on that particular coin and hence less chances of failure. Moreover people also move away from trading because of the fact that they loose big time in trading or it went bad and then they got afraid of loosing it again.