Post
Topic
Board Trading Discussion
Re: What motivates you as a trader?
by
arwin100
on 17/09/2024, 10:18:05 UTC
Newbies chasing profits somehow because they want to rich at overnight even when they trying to trade against in market trend, newly meme coins sometimes increase highest as per as wif,shiba inu, pepe coins, so they are rush to invest in meme coins to increase their money 5x to 10x, but end of the day their mission will fail. Newbies should trade with big coins which will be safe always.
There is risk in all things you do, including trading, traders of all kinds have been trying to find the formula that will allow them to do just that and many people have failed, so it is important to remember that even if a person trades solid assets, they can still lose money, since the markets can move on unpredictable ways that you may not expect, and cause you to endure losses so great that they may be enough to cause you to give up trading for good.

There's no assurance in terms of acquiring profits there's still risk and up and down that you may experienced but the sole motivations is when you decently earn both money and experienced, it's more on how you deal with knowledge and how you execute the potential outcomes, there are potential to earn once you already overcome greed and fear that keeps on holding you down to make mistake, your call and your decision making is very important to make that success.

Usually people falls from quick rich schemes and invest on those tokens which is fast moving like scam meme coins. They think that they will be so rich once the token they bought pump the same as what the dev promise to them. That's why those expectation they set from wrong token choices lead to a massive loss to them. This is how knowledge on how to deal everything related to trading is important since with this they would able to know how to lower down their expectations on some coins then could able to figure out what are the best to trade and which of those are good to avoid.

When dealing on risky market movement our decision making is really important, that's why before dealing or picking coins to trade we should know their latest tracks if there's good scope that we need to look forward so we have some hint that those coins or tokens would have good a chance to pump.