Post
Topic
Board Trading Discussion
Re: Does trading belongs to everyone?
by
Zaguru12
on 12/04/2024, 15:40:53 UTC
Have read most people topic and comment especially the newbies and have noticed that they are always interested in trading more than holding, and of a true trading gives more profits from my own understanding that is why everyone wants to venture into trading. But have we also considered or remember that most of the compliant here is about trading scam or exchange scam. Since is as a cause of trying to fund their account to trade or either trying to withdraw funds from the exchange.

I think the reason why this trading of a thing most especially futures/perpetual trading are getting that much of a hype is because of the narrative about it you will see on the social media. Some of the successful crypto traders you see on social media have this same character of flaunting their assets and this trigger many people to come into trading. Just as you have said newbies think it’s easy trading and they go on to pay for mentorship which at the end some of them end up losing their money. The holding strategy is the simplest and most safest option and for newbie, in fact many of this top traders gain their large capital by holding some coins and also the profits from this trading are used by them to buy coins/tokens to hold. Because That’s where they gain a lot from.


Only luckiness can help you to gain from holding this way because mindset of a trader and mindset of a trader are different. If a trader does not use Stop loss order, holding a position for long time will cause loss, not profit. Except if that trader has a very lucky open position in a market that gives a random decision chances to get profit.

I think OP is taking about spot trading which you can also withdraw to your personal wallet and this doesn’t requires stop loss. And you can only lose if you buy all this shit coins or you panickly sell at a loss