Quote from: milewilda on July 12, 2023, 10:29:05 PM

Quote from: Silberman on July 12, 2023, 08:06:45 PM

Quote from: Gladitorcomeback on July 12, 2023, 10:53:19 AM

Trading needs concentration but investment does not need much concentration because you invest certain amount and then you wait until it rise to give you huge profit. Knowledge is necessary for both trading and investment, the rate of success will be more if you have more experience and more understanding about the basics.

More than anything what investors need is to have tough skin, as it is impossible for things to always go our way, and as such an investor will eventually make a mistake and if they are not able to endure it then they will sell for a bad price and lose money, this is exactly what happened to the people that invested near the ATH on 2021 and 2017, and the majority of them were simply unable to keep holding their coins due to their frail mentality.

Endurance and emotion handling on which this would really be the best thing that you should really be having on the time that you would really be deciding on touching up that trading thing. Everything should really be considered out from your emotion to your mindset on how you do deal up with things.Never ever put up into your mind that it would really be that so simple on dealing up with this market.
Always trade with caution and as much as possible you should really be that lessening up the risk as minimal as possible, this isnt a race or shall we say not a sprint but rather it would be a marathon.
To those traders who do able to withstand different market conditions and able to sustain himself are the ones who would really be lasting out longer compared into those people who do rush up
on making or taking decisions just because of being that impatient.

sometimes we are stronger to hold in floating minus conditions than in floating plus when bullrun occurs. the impatience to wait for the target to be picked up is often done, or even many are greedy to take advantage. things like that should be corrected in terms of our mentality considering that many losses occur as a result of such behavior. the same thing when we are about to make a transaction, the impatience in waiting for the market to enter the buying area is a concern too