Quote from: justdimin on Today at 09:14:26 PM

Quote from: Silberman on Today at 04:33:02 PM

Traders by definition have to be an active bunch, after all you need to read several charts and you need to do it more frequently the faster the chart moves, after all you need to interpret a chart of 15 minutes 4 times in the same period of time that you will interpret a chart of 1 hour only once, so I do not really agree with you unless you are actually talking about investors instead, investors can afford to be more passive in their approach to the markets as they are more interested in the long term than in the short term.

That "activity" should be something that could be risky for the trader at the same time. There isn't really a big deal at all if you just end up doing a long term investment where you hold it for a decade or more. Whereas a trader would have to be active and constantly do something and that ends up being a terrible situation.

So, just focus on what you are doing at that moment if you are a trader and be always ready for the current situation and always be ready for a drop, so have your stop loss and so forth ready. This way you could limit the loss as well. There isn't really a good deal to be trader to be fair, just be a long term investor and you would be fine.

It is true that being a trader is not easy, it does not only require good knowledge and analytical skills. But you must be able to control our emotions
well too, because traders must be able to make decisions in a short time and not panic easily. Therefore, the risk is very large compared to
long-term investments, that's why I also recommend long-term investments. Because in addition to lower risk, long-term investment is not like
trading, which should spend more time monitoring and analyzing the market. Traders must have time every day to analyze the market, in order
to be able to make decisions quickly, and can generate profits. Therefore, the stop-loss feature is a must for traders, it is to prevent experiencing
bigger losses if the market moves not according to predictions. But everyone has their own way of making a profit in the crypto world. There are
indeed some people whose passion is in trading. So actually we can't say trading is completely bad, if done correctly, trading can also be a promising
source of income.