Post
Topic
Board Altcoin Discussion
Re: Discipline keeps you grounded
by
Rengga Jati
on 06/01/2021, 23:26:35 UTC
During a bull run or bear market; it is easy for newbies to make more money. In fact newbies make more money during the bull run than long term trader,
Are you sure about this? From what data did you get this?
Newbies are commonly only following the hype and FOMO, following other people to buy or sell certain coins in order to put their money and also take profits. They mostly do not know which coin is actually best for trading at this bull run, maybe most of them only focus on BTC and also ETH. But about their knowledge of how the price will increase or not, they may not understand enough.
Only certain small newbies that can gain high profits by their own knowledge because they are really serious learning. But, most will follow other suggestions and also predictions.

You have to understand in reality that you cannot be consistently profitable except you are disciplined and glue to your rules.
The truth is, you know the right thing to do as regards crypto currency; just do it.
What kind of rules?
Discipline may be really important. But it is not only about discipline, People will not know about how they should be disciplined if they do not know exactly what they are in now. First, it is about learning more and more even while trading the cryptocurrency or investing in this. Digging the information, doing our own research as possible, taking some people's opinions and analysis as considerations are also important.
In this case, I rather say that it is not only about being disciplined, but the readiness of yourself regarding the whole emotional management (patient, not panic, wise, disciplined, etc), risk management, funds management, and also, of course, knowledge for analysis