Post
Topic
Board Trading Discussion
Re: advice for a beginner
by
shawonngp
on 10/09/2024, 15:24:48 UTC
You literally just started a month ago. Most people don't earn from their trading for years. Trading is really not something you can expect to earn money early on.


Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up.
You trading doesn't mean you can't have a long-term portfolio. You can do both trading and investing(as most successful people in this space do).

It is unfortunate to some people, they spent a lot of year suffering the losses and they enjoy it at the end, they were just being patient and also they were ready to bear the consequences on whatever happens to them t
In trading process, and that is how you will be able to become a successful trader, you can't expect yourself to earn money the very moment your started trading.

Anyone trading a lot of years and suffering losses that means he/she still did not understand about trading, who have trading a few years definitely he/she should have become very experienced in the crypto trading, or should stop trading. Losses is the process in trading to adopt it but that does not mean you will suffering losses a lot of year, then when you will successful trader?
It is much easier to trade with experience in the crypto market and their earning potential is much higher but it is not clear which traders you are talking about. People with many years of trading experience are more likely to get profits because they should have a lot of research about the right currency. But the people you are talking about were wrong in choosing the right crypto. Another important aspect is that trading crypto holdings can lead to financial loss if someone is thinking of getting more profit without buying enough. You need to make a stack in the initial phase and take buying opportunities in relative downward price trends and diversify your portfolio in the later phase. Many experienced traders fail to profit from the market due to systematic mistakes.
I am talking about which traders who suffering losses from many years, i said that they are still not enough experienced so that they suffering losses for many years, because experienced traders will not carry losses in long time, they know about market strategy, discipline and risk management, they can lose for temporary but they are getting good profits from trading.