Quote from: Jody.Drummer on June 05, 2023, 05:39:05 PM

Quote from: sulendra12 on June 02, 2023, 09:33:54 PM

Quote from: Godlovesyou on May 12, 2023, 04:13:12 PM

There is no normal being that loves getting losses on business, career, investment and trades that's why even company holders make financial policies to keep record of investment and profits flows. And unlike other business bitcoin also makes sales and losses if you do not investment wisely....is nice when you put in what can not put you sickbed or gives you hypertension, don't invest out of what you cannot withstand the loss.

Is better to use small money or learn risk management first before investing especially newbies.

Using small money is great to learn the basic and to get the grasp on trading about the strategy and what to do/not and as the time progresses, you can definitely increase your investment capital by a little until you are confident with the knowledge you have. But still make sure to use the money you can afford to lose and not with your main savings, greediness is evil and you can definitely get trapped by that if you are careless with your savings and management.

Make sure we don't immediately look at the benefits we will get, because that will make us psychologically disturbed and it is not very good in the process of learning everything in trading or investing. I also agree with that, we can use as little money as possible to study, not because we can't afford to spend a lot of money, but that's to reduce the risk when learning. Small money can help us not only in the process of understanding trading, but it can also help us to be more self-controlled and manage our finances well. Logically, when we think about using small money first, indirectly we have done good management of trading.

On the time that you would really be thinking out too advance or you are already seeing on whats the future then it would really be creating that kind of expectation which it would really be resulting that desperation

which it is something that we should really be avoiding it out on the first place because having that desperation would really be resulting into those mistakes which is something that you would really be needing to remove out. Spare money? Its always been that suggestable on doing so because losing it up wont really be that hurtful unlike if you do make use of your savings or emergency funds because if you do really make use of that and on the time that you would be losing those amounts then recovery would really be that hard.

This is why only spent up the money which you can afford to lose whether on gambling or investment, because once you do lost up these amounts then it wont really be that much affecting your finances.
You have already sorted out those possible problems on using your life savings which it is really just that good for such purpose and dont make use of it on other means.