Quote from: DVlog on Today at 08:49:51 AM

Quote from: adzino on Today at 05:17:40 AM

Quote from: DVlog on June 20, 2022, 06:24:04 AM

-snip-
1. Money management is very important. It is better to have some plan than no plan.
2. Opportunity will come again and again so do not FOMO.
3. Anything could go to zero no matter how big the project is(Luna disaster).

-snip-

1. Obviously money management is very important. But i would say it is better have a no plan than have some random bad plans (investing in shitcoins).
2. Wrong. Opportunities won't always visit you again. There will be a time where you missed something that will never return. You will never have the opportunity to invest in bitcoin when it was only a dollar or two. You won't get another opportunity to invest one dollar in shiba inu and become a millionaire overnight. But yes, you shouldn't FOMO.
3. Anything can go to zero, but there are projects that are very obvious that won't make it. People did warn about Luna before.

1. How do you know a plan is bad or good? It can only be justified once executed. When you have no plan you are not an investor anymore. You are a gambler and your only hope is to do nothing but pray. So if a plan proved to be bad then that can be revised and tweaked to be better.

2. It's possible same opportunity won't come twice but there will be plenty of other opportunities that will change your life. Example: Everybody now wishes they brought BTC at 0.25$ when it was early. That opportunity was one time but BTC goes to 20k then 3k was an opportunity, BTC again goes to almost 70k, and now sitting below 20k it is an oportunity. You just need to have the eyesight to identify the opportunity. Buying BTC at 0.25$ would be more profitable but buying BTC at 3k later also made a hell lot of money.

You also need understanding aside from looking, but converting things into actions. In trading, we commonly hear the famous principle of Warren Buffett

,buy when market is in fear, then sell when the market is in greed. You have your own decision making though and you should be

focusing on what strategy is really working with you, learn and earn a good principle that will allow you to explore deeper and realize

how to have much stable system that can give you a better chance of success.