Post
Topic
Board Trading Discussion
Re: My advice If you are here to make money
by
Fredomago
on 05/01/2023, 23:34:45 UTC
Control your emotion, believe me, emotion is your biggest number one enemy. Especially the fear and greed know how to stop loss and know how to take profit.

Stay away from btc If you are futures trader btc moving too slow.

Please don't stay away from BTC since if you can predict BTC moves you can predict the most market is going. In fact, most of traders that I have followed what they do first is predict BTC moving after that they start to analyze the altcoin. Bitcoin waves is real.

Good Luck Smiley

If you can’t be good in trading btc, might as well that you will also find it hard to be profitable from trading altcoins. So stick to bitcoin regardless of how the market performs. And as a trader, never go all for money because you will definitely fall from that mindset. Just take advantage in every possible chances, and do stoploss whenever it’s badly needed.
Or simply having that risk management which is always been the suggested thing to be having as an investor or trader specially on this unpredictable market.Its true that you
should really make yourself chase up for profits or making money because it would really be just making you desperate which is something not that recommendable when it comes to
this matter. Just mind off about dealing with unpredictable market, always set stop loss and dont have that gambler like mind or behavior because trading is a
different thing which it should be differently treated as well.

If you can't handle the risk, better not to deal with a gambler type of trader. It will backfire on you if you rush your investment. I agree that having stop-loss will help you if you are in a daily or in a short-term trading practices, it will avoid you to suffer from deep downfall, though there's also a disadvantage which you needed to consider, the volatility can harm your strategy as short dump can have a quick pump back which already triggered your position.

Things that you needed to assess and consider before you put your step inside the market, make sure that you are willing and ready to work on this side of this business.