Post
Topic
Board Trading Discussion
Re: Which sort of investor are you?
by
sheenshane
on 17/02/2024, 23:44:55 UTC
The safest option is not to trade when you think you’re not prepared for it. Don’t risk your funds by trying to trade when you know you are not that good enough. There’s still a lot of options left to be profitable, or just settle with bitcoin hodling, wherein there is less preparation and is less risky. In the end, you will gain the same  amount of profits if you just hold patiently a good amount of bitcoin.
Though you're right that holding is the best and safest way of making a profit but how will you learn to trade if you do not try on it?
Just accept the fact that trading isn't talking all the time about profit, sometimes you need to lose just to learn the process of trading and that's the sad reality of trading.  Even those people called themselves experts in trading may still experience losses in that field.

If you're aware of all of this, keep in mind that to trade the amount that you can afford to lose.
Think about gambling and trading are almost the same, trading is less risky than gambling if you're an experienced trader.