Post
Topic
Board Trading Discussion
Re: Who are the 1% of traders who earn with trading?
by
stomachgrowls
on 22/12/2020, 19:56:05 UTC
The only way to kbow you make a reasonable patient is when you wait till the market bullish is back and you are not selling at lost price but selling off quick to invest elsewhere is a habit of impatient and the 90% of traders with no sufficient portfolio management knowledge that make such decision are among the traders that later quit.
Meanwhile, it better to invest elsewhere using a new capital while you keep previous invest till it green again.

That's not the best decision either I think. It's like you invested @ $100, then it turns to $90, you want to keep waiting, then it turns to $80 - you wait, $70, $60, ... and @ $50 (for example) your position gets liquidated for instance. But you could sell @ $90 and keep the cash or invest elsewhere. Plus, there's time value of money here too.

As I mentioned somewhere here earlier a joke that "every bad trade ends up being a long-term investment".

I would simply invest the $100 long-term and forget about it... then use additional fund held in stablecoin for gradually buying dips/lows, and probably selling high. This method usually turns out profitable especially on established crypto like Bitcoin... And it's not that difficult to learn.
Its not that difficult to learn but it would really require some time for you to take grasp even on the most basic or simplest idea of it.You wont really be able to do this stuff if you dont have the slightest idea
on how its done.

I dont believe on that 1% traders are successful because we wont be seeing soo much liquidity into this market on daily basis if there are lots who do losses up in the market.

This might be only applicable on other markets when it comes to chances but not into this market.There are lots who do make money and of course loses are much more in quantity than to those
who do end up on making profits.

Important thing is that you do sustain yourself into this market in utilizing price movement for your profit making opportunity.