Quote from: Gaza13 on Today at 05:50:13 PM

Quote from: seanskie18 on May 24, 2024, 03:09:32 AM

In day trading there are many factors involved and including the risk of losing your cash or trade since you may enter the market at any moment. Actually, it is nice to get into trading, but I don't see much joy in daytrading. I've also listened to a lot of advise on trading and which coins to buy, but I end up losing a lot.

Advice is just advice if we don't have the basics for analyzing the market or an asset, in my opinion it's useless. Daily trading has much greater risks than if we choose the long term. Yes, we don't just stick to one or two coins to trade in the market. If we don't have basic analysis, we should choose the one with minimal risk by holding the long term, which is much better than the short term.

Yeah, any advice received from anyone is useless if a person doesn't have the basic knowledge to understand that advice and act upon it. A lot of people get into trading and they join certain signal groups to get signals and make trades according to them, they may earn some money initially but they need to know that they can't keep doing that forever, and if they aren't focusing on learning everything themselves, they will have a hard time in the future.

You can't stay dependent on others all the time and there will be a time when you will be on your own and when that time comes, you will regret not trying to get enough knowledge and trying to understand how things work around the industry you are in so that you can do everything yourself.