Post
Topic
Board Trading Discussion
Re: Don't trade if you're inexperience rather stake your coins.
by
wxa7115
on 17/09/2020, 17:02:07 UTC
Trading cryptocurrencies isn't meant for everyone dude, to me, trading looks like charming stuff but most dangerous to inexperience traders. Recently, I saw a potential signal on Binance with CHR but was disappointed after my order as the altcoin get dipper. I regretted my actions as staking altcoins would have brought me good rewards. Don't trade dudes let start staking our little altcoin stash. Despite our efforts to ensure we make some progress, the industry doesn't give us a chance. As an inexperience trader before now,  how do metamorphosed to become experience in trade?.

 Does it mean inexperience traders aren't born to trade?.
Trading is not an ability anyone has within them you need to learn it, however there are several factors that could indicate if trading is for you, the first one is if you can take losses and accept them without going crazy, just look at any sport or competition and look at their participants you will see many go crazy when they lose and such people will never be good traders as they will forget whatever strategy they had and revenge trade immediately after a loss.

Another aspect is your patience, even with a good system you are going to lose several times in a row and if you do not have patience this is going to begin to bother you and you will make a mistake that will be impossible for you to repair if it is big enough.