Post
Topic
Board Trading Discussion
Re: Don't be too desperate to make earning
by
Fivestar4everMVP
on 08/12/2021, 15:45:21 UTC
Trading cryptocurrency aren't for kid's , it's for people with matured mind. Going into cryptocurrency trading , one have to build up is mindset to be patient to trade for a long time. One of the problem that affects traders during trading is that they think so fast to make profits . Trading cryptocurrency for a very short time always is not the best as a trader .  Successful traders I have come across go into longtime investment , trading is not just acquiring cryptocurrency but trading comes from the mindset. If the mind is not on positive direction it can result to bad outcomes. And at this point now that the cryptocurrency price is low it's best time to go into longtime trading that will yield good profits in time to come.
So, do not be too hasty to make profits , short time trading don't pay much
Sorry but I did like to tell you not to mistake trading for investing, trading and investing are to two different ways one can make money in crypto or any other like it.
Day trading involves constant buying and selling of assets while investing means buying and holding for a future profit.

What you clearly talked about is investment and not trading, a good investor know that he or she has to buy and hold for long to make good money as long as the capital is invested in a good coin/project.
A trader is one who is taking advantage of the volatility in the market to make profit for him or her self on seconds, minutes or hourly based, investing and trading are to different professions.