Post
Topic
Board Trading Discussion
Re: Know it that market is speculative
by
DevilSlayer
on 06/05/2023, 10:15:13 UTC
Anyone who is venturing the market should be able to accept the risk factors, I know is good of thinking positive but as well also accept the risk. They should know that with any slight mistakes being entry point or inputs with digits can easily make them lost money or that's why as a trader you must familiarize yourself with satoshi calculations and the exact conversion to usdt before venture into trading. As major principle of trading, the process of up and down wards movement of bitcoin is what leads to a successful trading.
They really should and for me this is very important, if you enter this market without fully aware, accepting and embracing the risks then I'm sorry to say but you are in a wrong path. In this path there is no sureball or a sure profit that can give you consistently, that is the reason why the win rate among all of the traders and investors are very low. Only few people manage to beat the market because they are the one who are aware and accepting the risk very well. Avoiding losses is also a factor, how can you avoid something that is completely unavoidable? It is one of the nature of the cryptocurrency market which is the uncertainty. There is a risks because of the uncertainty, meaning that you cannot know if the coin that you are holding will increase or decrease because of a lot of factors in the market.

Fully accepting the risk is necessary but it is not enough, it is just part of the steps if you want to become a profitable trader in this industry. There are a lot of things that you should also make a focus like learning the right system that is fit and suitable for you, learn how to manage your risk very well, the right mindset of a trader/investor and lastly how will you perceived the information given by the market to you. These are things that are necessary to make consistently earning in this market, most of the traders/investors doesn't give a fvck to it and that is the reason why they do not make any profit.