As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.
I don't know you have experienced or not with trading, It seems gambling to you if you have no knowledge in trading, It's difficult but not impossible to learn so research about it before start, But in this year i have different plan, I am buying Bitcoins only and holding because before Bitcoin halving it price can go new ATH.
Trading is not a simple skill to master because of the risks involved, which must be taken repeatedly before you can be successful. If you said Trading will be your focus this years, you need to be learning much about it and know the strategic how you will be staking, and you need to know is better you trade with the money you can afford to lose, because Trading is not an investment that you will say he can minimize your risk when you start, I would like you to not focus on one aspect instead, you should be investing so that he can increase your knowledge about different coins. As for me, I believe in investing more than trading because I haven't gained much knowledge about it yet, and I can't say if I start trading I will be profitable, because it is very risky more then investment but if you are lucky you will profitable and change your lifestyle.
We can't yet determine or assume success already as we begin as there are a lot of things that may change along the journey. Many people become aggressive at the start but later on, they give up after having bad experiences and losses. We can just say success if we consistently make profits over losses and that is find it out after a few months doing this. And I notice that those who are in a hurry never get success and much more for impatient people. Trading style, funds, behaviors --that really matters in trading.