Quote from: naikturun on November 15, 2023, 07:46:25 AM

Quote from: Obari on January 19, 2023, 06:30:48 PM

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

have enough money to do this and don't use the money they need, they have to be patient and don't get carried away easily by emotions.
traders must be able to control their emotions for the most important thing, because no matter how much capital they have, they will run out if they cannot control it.

its always emotion control aside from the fact that gathering news about a project might be beneficial as well.
getting fomo'd has proven to get people rekt and went into bankruptcy, which in turn make them leave trading career altogether, therefore its not really advised that we do something out of impulse from getting too emotionals seeing other people making profits more primarily which sometime caused us to get somehow greedy and then make bad decision.
always be level headed knowing that when a coin already increasing the chance of it dumping back again is higher than when it is dumping so we know the right time to make entry.