Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Zaguru12
on 19/02/2025, 21:53:28 UTC

I don't have any problem with guys choosing to trade, yet I do have problems with any suggestion that any normal person would be able to be consistently successful in trading without a lot of practice and perhaps even building up some very good cash management systems...and sure anyone can try trading, and likely they are going to be best off to limit their trading budget (perhaps less than 10% the size or their bitcoin investment) while they are getting used to trading an practicing it.

Oh and by the way, a decent number of traders might not know diddly squat about bitcoin besides superficial aspects of it otherwise they would not be so retarded as to try to trade it.  So I would not presume that traders of bitcoin know bitcoin merely because they know things about it and they may know a lot of things, and they might even be some of the smartest people that we know, yet at the same time, they are likely missing some kind of appreciation about bitcoin if they are trying to trade it.

There is absolutely no way someone will be able to actually get successful with trading without seeking knowledge and most importantly practicing. Before engaging into trading people need to understand the risk attached to losing in it and as such it is best to only use money you don’t need or can afford to lose in trading, No matter how knowledgeable or successful in trading you think you’r,  one should never take loan or borrow money for trading because it will definitely affect your psychology. Also no amount of trading experience actually makes you immune to losing, even if you have some consecutive wins the loss is always going to come that’s why risk management is always the first aspect to learn in trading.

Yes there are traders who combine the two; investing and trading together. Most of them are those who started off as investors before adding this trading to their aspects and after then the funds gotten from trading are invested into holding bitcoin, but this doesn’t guarantee ultimate knowledge, because some of them traders can still take from the invested money when they have exhausted their trading funds