Post
Topic
Board Trading Discussion
Re: How do I succeed as a trader in 2024
by
Mauser
on 27/02/2024, 15:01:26 UTC
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.

How is the year 2024 going for you? I hope you started early with trading and could already take advantage of the early bull run. One of the most important things for me as a trader is to stay at least partially invested in the market. It's fine to take some profits, but I would never ever sell all my positions at once. Without any skin in the game we are going to miss out on a lot of opportunities. Which is also some problem newer traders face, they trade too much and accumulate a lot of transaction cost. Some more medium to long term approach can help with that and will lead to big profits during bull markets. The Bitcoin halving is still to come and I think there a lot of upside pressure for Bitcoin to rise long term. Good luck on your trading adventures and don't become discouraged if prices are moving against you. We won't be able to make a profit every week, there will always be times of falling prices and we just need to get used to it. Long term it's really hard to be the profit investors made with crypto currencies.