Post
Topic
Board Trading Discussion
Re: Which sort of investor are you?
by
KingsDen
on 13/02/2024, 14:53:11 UTC
To me that is not correct Trading is all about your proficiency and apprehending and how you control your frights and tolerance, and I think your tough labor amounts to something a lot too.

Trading is not all about buying low and selling high. There's more to trading and the others are among the things that shapes a trader. These are;
  • Experience
  • Patience
  • Technical know how
  • Risk management
You can have a very good knowledge of trading, but your emotions is poor to keep you going or you are very impatient. So, a good trader must have these attributes in a right proportion in order to be successful on the long run.

Through experience, knowledge and mistakes you can build your own reputation and which kind of trader are you if you know yourself already where is the most suitable and effective for you, could be in business, stocks, real estate, or crypto there are other forms but of course, we are in crypto. In investment, there's always a risk but you can lessen the percentage of it if you know already the possible outcomes, and proper preparation if you keep pursuing this or not at least you learn something if you fail. If you succeed go you can continue if not you can cut loss and take another risk.
Some people know how to join but do not know when it is necessary to exit. At a time, everyone has laid their hands on trading, either as a noob or experienced. Some have failed and exited trading knowing too well it is not their thing. But some are still forcing themselves to be successful in something they know not how to handle. To this people, failure is inevitable on the long run.