Quote from: aioc on August 24, 2020, 12:08:13 PM

Quote from: Magd solieman on August 23, 2020, 08:29:20 PM

Lessons learned from successful investors:
First: If you do not have even a small amount of anxiety over your investments, this means that you are not risking enough. You have to have enough money invested in order for you to have real interest. You will make the right decision when you participate in your investments with all your feelings, and then you will be able to monitor this investment and give it greater care.
Second: Get the profit as quickly as possible "Overcome greed"
Third: Beware of anyone who predicts the future, as all financial consequences are tolerable.

I love this part and this is very true you need to involve yourself, investing in Cryptocurrency is not you put in and expect profit kind of thing you
need to get it in your head by getting those anxiety you will always check the best action in a given situation in the market, you also need to moderate your greed as well know when is the right time to enter the market and exit as well avoid to much attachment to coins, you can still have them later.

I love the second part, overcome greed. It is what we need to prevent from small profit because the price is going down after touch the highest price. If you see the price start rally to the high price, you need to prepare with your own target price so you do not lose the chance to selling the coin at a high price. But many of us have greed at that moment, and we want to make the "very highest" profit instead of taking that profit. At that moment, we forget about the price movements, and the price will be down because the greed posses us. We must know when we can take the profit, and always prevent the greediness.