Post
Topic
Board Trading Discussion
Re: The reason why investors often lose money
by
Lanatsa
on 10/08/2021, 18:29:20 UTC
Yeah, in other words don't buy because of FOMO, don't sell because of FUDs and stay away from shit coins because investing in those coins will highly likely make you lose everything. Heck, just don't even sell when you are at a loss when you invest in well known coins. As long as you don't sell, you don't make any loss since the number of coins you are holding is still the same Wink.

-snip-
1. Never sell because the price looks high. For example, if you look at it from 10 to 20, what should you judge at this time is what is preventing them from 20-50?
2. Similarly, don't buy directly because of the high price in the previous period and a lot of drop. The decline is justified.
3. Never equalize the loss in your current account, as there is a high probability that you will lose more.

Don't buy, don't sell. Then what should we be doing? When the price goes from "10 to 20", then if you think you have made enough profit, then sell. Stop thinking that it might go to "20 to 50". I thought you just said we shouldn't invest based on speculation.
We should set take profit time or level on where we do consider on pulling off our profits and securing it as this had been always our main goal on why we do invest on this market.

Losing money is inevitable but due to experience and knowledge then we can really at least lessen the risk on losing that much. We would really be making ourselves a lot more better

as we do get experience by engaging into this market.We do have different takings and decision because we do have different mindset and goal.