Quote from: TheUltraElite on Today at 06:54:46 AM

Quote from: Jody.Drummer on April 08, 2023, 06:45:48 PM

In any case understanding is the key to success, how can one be successful without thorough understanding? Especially if we talk about trading on crypto, of course the same thing, even I think, every trader should understand more. It is true that crypto trading can change our destiny if we really understand the concept and what should and should not be done. But if there is no understanding, as you said it will invite poverty. Trading is not as easy as turning the palm of the hand, there is a very long process that must be passed for us to truly understand what trading is in its entirety.

The thing to understand is when to buy and when to sell, this comes from experience and if done on paper can yeild the experience without losing money. That and the idea that altcoins will never go as big as Bitcoin should be enough to narrow down a traders outlook towards bitcoin at low price which is the best thing to buy at.

When to buy and when to sell actually seems simple, but the fact is that for trading, especially for day traders, things like this are not as simple as they say because it returns to the initial focus, as I said, there needs to be further learning and understanding if you really want to do that.
Losing money is something that is actually a certainty when indeed we are just trying to do this without real analysis, but on the other hand, you need to remember that even if you try, it is indeed one of the requirements for experience, but still, trying just hoping for luck cannot be justified.