Post
Topic
Board Trading Discussion
Re: What to avoid as a beginner in trading Bitcoin?
by
carlfebz2
on 28/01/2021, 19:15:24 UTC
Starting out with cash..? Does journaling truly help ?
Journaling? You mean doing your research? That will help you for sure. And I think you should be careful and avoid all these fake wallets and exchanges, if you would want to stay on the safer side then go for the exchanges that are well known, because they are not going to disappoint you like new exchanges. They too can have their downsides, but they are not like the new exchanges that can run out of money someday and run away with your money, so it’s best to avoid those ones and go for the bigger exchanges.

You can find success in trading if you are good in research; for that you need to be ready for continuous learning. You must need to update yourself against latest world political things as they are the biggest factors to move the markets ups and downs.
He do talks about journaling so it would be just the same as taking notes or writing it.Well, this isnt really a bad idea though because writing off things will really be able to help you
into your future trades since you do able to take up some note then you do have at least the chance to sneak back in case you are needing something.
Going back when im still a noob i do really have this kind of behavior.

One of the most common mistake is that we do easily panics when we do see our trading account is going negative which would lead into another mistake
when you do make out decisions that are already out into your own plan.

Avoid on getting hooked with some fud and fomo because these things are commonly can be seen into this market so better watch out.