While trading, you will have different strategies to be using, once you make predictions based on your analysis, you will be expecting the market to go as you wanted but it might say no to your predictions which will lead to liquidation of your money which is so shameful.
However, always have it in your mind that there is no perfect strategy, because the market is not predictable.
If you don’t have knowledge to trade, then use DCA method to accumulate bitcoin.
Many people jump into trading not because they don’t want to invest in bitcoin or any other cryptocurrency overtime, they join because they want to make that quick money and don’t have to wait for years for their investment to reach that point of withdrawing their profits.
What many fail to understand is that, trading is not a get rich quick scheme and when you see it as one, you’ll definitely be at a loss most times and will feel devastated and leave at a loss sooner. No perfect approach to trading, despite being discouraged, with good knowledge, you can still be profitable through it.
In fact, if you want to profit from trading, you can never be in a hurry. Trading depends on patience, discipline and proper knowledge, if a trader starts trading with little knowledge, he will never be able to profit. As easy as trading seems to be, its depth is as deep, After a trader learns everything about trading and with that he goes to trade with real money, then he understands how difficult the real nature of trading is.
Market movements are never completely predictable, even experienced traders often cannot analyze the market correctly, and they also face a lot of losses. In fact, not everyone can be successful in trading, there are many who used to trade before, but they used to face losses most of the time, that is why they have now started leaving trading and coming towards investing. Even many have already started investing.
To understand the real depth of trading, you will have to spend a lot of time behind it, you cannot learn trading by taking a 3month or 4month course, or you cannot profit in trading by listening to a little advice from someone. There is no end to learning in trading, every moment something new will come in front of you, which will cause you losses in new situations, but you have to learn through every loss.
So if you really want to be a trader, then set long-term goals, you have to do a lot of research and learn, collect various important information from different places, and keep them in your mind. It is possible to earn money from trading, but it is not an easy path, you have to work hard, be disciplined, be patient, and keep the tendency to learn new things at every moment. Then success will definitely come at some point.