Quote from: Zeehaxan on January 06, 2021, 10:11:27 PM

Quote from: cytpoway121 on January 06, 2021, 07:31:54 PM

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, the core problem is that newbies tend to lose those profits back to the market when the bear struck and the long term traders keep making their profits all year round.

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.

Active trading is not everyone's cup of tea so because most of the people in this market are having day jobs and doing this crypto stuff part time they do like to hold for longterm and i think holding for long also pays good if you are good to take some profit at high price.

I have seen many of the people that I taught to trade either give up or lose their initial investments when they trade. I do agree that it is not just discipline that is needed but also a lot of patience and proper knowledge of the coins that you are investing with. Sometimes my colleagues and friends tend to watch too much stock market videos but all you need is a sound mental faculty so as to avoid feeling too excited or too panicky.