Quote from: EarnOnVictor on Today at 05:17:57 AM

Quote from: Onyeeze on September 18, 2024, 09:24:55 PM

Quote from: Salahmu on September 18, 2024, 07:09:03 PM

Quote from: Onyeeze on September 18, 2024, 06:40:47 PM

when you understand trading very well you will prefer trading more than any other thing the reason why some persons condemn trading it is because they have not digest the rules and regulation of threading.

Do you think that understanding the rules and regulations of trading will make you to win your trading all the time?, actually the complexity in trading is beyond just understanding any rules, so if you are having the believe that immediately you understand the rules and regulation of trading you have become an experience trader you are obviously mistaken because you will be gambling with the money you are supposed to be using to invest on Bitcoin for a long term purposes.

If you are so certain about being good in trading with just knowing the rules and regulation would you mind telling us how much profit you have made from your trading through the rules you have understood?.

It's obvious that when you learn your trading very well your loss will be different from someone who doesn't know of trading that's what I mean, people with little understanding of trading are the one that always complained of loss, neither you involve yourself in a day trading or long-term trading, do you people want to tell me that trading doesn't have a scope that you follow and trade out profit, when you make research of trading and couple with your past experience I don't think that you will lose as such other people may think that trading doesn't give profit, in summary learn your trading very well.

You are right about trading even though you didn't use the right words where applicable. Trading is not child's play and those who often complain about it are those who did not know it or didn't apply what they know rightly, and this also depends on what they know (before application) because many people calling themselves traders are merely carrying wrong trading mentality about. Anyone who wants to limit their losses in trading must know how to use their stop loss very well and use it to positively impact their risk management. They should also ensure that a good trading strategy is being used, otherwise, no matter how they try they will continue to fail and get frustrated.

Well why it's very good to focus more on Bitcoin investment over trading is that it gives you stability like continuous progress, unlike trading that you might have a good day today and have a terrible day the next day, or you can even use just a day to lose all the gains you made in a month if risk management strategy is not utilize properly, so just as you rightfully said, trading is actually not a child's play, because in trading knowledge alone is not enough, their are so many technicalities needed to be a profitable trader, and not being able to control your emotions like fear or greed is one thing that destroy all your technical abilities when trading, so emotional control is very much key when trading.

But as for Bitcoin investment, all of that isn't needed, it's just like a walk in the park in you achieving all your investment goals, as long as you are a long term holder and you have the required knowledge on what is needed to hold firmly, by having a reliable source of income and having an emergency fund to be able to withstand the rainy days, so in essence of what am trying to say is that it's pointless chasing minimal gains in trading if you knows nothing about it, when you can build a generational wealth overtime through the DCA accumulating strategy if you can hold for like 10years or more.