Post
Topic
Board Trading Discussion
Merits 1 from 1 user
Re: Trading can ruin you
by
edy_58
on 18/02/2024, 13:25:12 UTC
⭐ Merited by fillippone (1)
Crypto trading in general has the tendency of making one feel miserable, why? Many people just hear that "oh, this coin is low priced and has potential, let me buy and sell in a couple of months or so". That's the beginning of failure, you don't just see something new and then just jump straight into it without proper observation and understanding. Trading is very profitable, but not everyone can profit from it as not everyone is ready to sit back and learn about it before involving themselves in it.
If we buy a coin just based on people buying it then there will be a possibility that we will make a profit and also a loss, so it would be better if we don't understand it well, study trading first so that we don't just follow what other people say but buy it based on what we already know. We understand it well, because if we understand it well then we can be sure we can make a profit in trading.

Yes, it is true that not everyone can make a profit in trading. It requires good knowledge about trading and also a lot of experience to be able to make a profit and we must continue to learn about trading even though we have succeeded in enjoying the profits from the trading that we have done.