Quote from: Iamgoat on Today at 06:26:12 PM

Quote from: Salahmu on October 29, 2023, 10:40:15 PM

Of course trading is very complicated especially when the trader is a novice that doesn't understand what trading is all about, in most cases people seem to forget the risk associated on trading because they are overwhelmed by the profit they believe they will make if venturing into trading forgetting the risk.

I don't think trading is really that 'very' complicated like you mentioned, what I would say as a novice is, trading needs total submissive attention from you as a trader, particularly when you are still new into the trading platform. However, there are a number of things one will need to learn before jumping into trading. In as much as one is able to pass through that initial rigorous process of learning the intricacies of trading, it becomes more simplified.

Most novice and inexperienced traders prefer to always look for the shortest way into trading thereby creating room for missing gaps of knowledge which only makes them poor traders. Saying that trading is complicated may not be far from the truth, but for traders with interest who are ready to pass through the basic journey to becoming successful traders, it becomes simplified.

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For an investor to have rest of mind is to avoid trading because in as much as trading may look so interesting in times of profits returns that's how the chances of losing is also there so the best is just to stick on investing on Bitcoin and hold instead of chasing Bitcoin price movement.

Exactly, and I can say that this also correlates more with your above paragraph which advices us to reduce our over ambitious character towards trading. As an investor new in the system, you can still attempt the DCA approach and use it to develop your experience with investing, the more. But always have a balanced judgment on the volatile nature of Bitcoin and make proper research before investing.

Trading is very complicated and if you are a newbie, you would take a very long time because you can learn everything correctly on trading, because you need to know the fundamental analysis, technical analysis and also know how to read charts with coming up with your own risk management to help you. All these things that I said will take more than a year and that doesn't mean that you have understand it all.

Trading has a very big risk of you losing your bitcoin, instead of you to be increasing it. Hodli and regular DCA is easy and investment friendly, as long as you venture into a long term investment. I will advised newbies to stay away from trading, because the time that they will use to be learning, they can use that time to invest and increase their bitcoin portfolio easily without much risk. Unlike trading that will expose you to loss and will make you regret your actions later. It is had to time the market nor to predict the price movement of bitcoin, and this is what traders need to know to make profit. Even professionals can tell what will be the next bitcoin price after this.

@lamgoat, don't sound as if trading is easy and it can be misleading too. Bitcoin investment is best achieved when you hodli for 4-10yrs and above with regular DCA.