Post
Topic
Board Trading Discussion
Re: You lose more when you over trade
by
Kelward
on 28/01/2024, 09:44:50 UTC
YouTube channels created the idea that you can make a full-time living from trading, and that trading has become a  full time job where you wake up in the morning, make 10 successful trades, and make $5 to $50 in each successful trade. And so you repeat it every day until you become rich, which, if it happens, means that you have an amount of big amounts or it is something that rarely happens and is not even available to everyone, so trading requires patience  in the long term until you see some results achieved.

Many people want to a shortcut to wealth and they keep looking for get rich quick schemes, they go to social media and they hear a lot of feel good stories about how you can sit in the comfort of your home and be making a lot of money, these YouTubers and social media motivational speakers tells them that crypto trading is the answer. Many newbies enters crypto trading without aquiring the basic knowledge about fundamentals and technical analysis, they trade believing that putting in extra time will increase their chances of profit, and after encountering back to back loses, they'll either tag crypto trading a scam or do the right thing by learning how trading actually works.