Quote from: Adbitco on September 26, 2024, 11:19:54 AM

Quote from: Fredomago on September 24, 2024, 11:44:28 AM

Quote from: Adbitco on September 24, 2024, 03:12:32 AM

We should always have this mentality as a trader that trading is a profit and lost business we do even though there seems to be a form of regular profits we should always think that one day lose can likely happened and we can't avoid it when it coming.

Now how does it come? Good!
It comes when a trader is proving to know it all or wanting to apply professionalism in their trades then it would automatically turn against them causing a severe loss and even to what they didn't expect of them could likely happened because they aren't cautious of their trades.

Yeah, when a trader start being too comfortable then chances that he might made a mistake and start losing his money, it's best to take time and not to rush anything always anticipate and make sure to have a alternative plans in case things ain't working according to how you anticipate things having good plans and managing both time and finances will help to keep you in-line with how trading works, and same with how most traders do just have that patience inside you then you may take good care of how you adopt and adjust with each situation that you need to face while inside the trade.

The alternatives I think that would help is just to keep holding bitcoin or some other reputed altcoin, even as that i don't really encourage anyone to hold any coin that they don't trust on otherwise there could be a tendency to lose them big time because they aren't doing their proper research towards that coin/tokens. Holding shitcoin is not also means that is an alternatives but when solely relying on bitcoin to hold as alternatives also matters alot when trading doesn't favor someone.

A matter a lot when you are expecting and the market turned against you, not all alternative coins will move the same direction where Bitcoin is heading, most of them are being played by traders and when you feel uncomfortable and sell your holdings that's the time where those big players starts to hype the project, more on timing and how good you are in trusting whatever project you decide to support and hold, but yeah, better to stay with Bitcoin if you have decent amount of money to invest.