Quote from: Joeboy on July 12, 2025, 02:56:19 PM

Before going into any trade or investing in any project, one of the many question that I believe that every traders, most especially the beginners should ask themselves is-
"If this trades doesn't go as planned, will I still be able to sleep at night?"

Why This Question is Important -
Asking yourself the question enable one to access:
1) If one is emotionally and financially prepared to lose thst particular amount

2) If the trade is driven by FOMO, hype, or clear and critical analysis

3) If the decision will affect other areas of one's life

Let's Look at a Real Case Scenario
We have of course seen what happened with project like LUNA, MANTRA etc. Those traders that failed to ask themselves the hard question before investing lost not just their money but also their trust in the crypto market entirely and not just that it also rendered most of the investors bankrupt and then back to square one.

Final Words
The crypto market is highly unstable, that it why it is important that traders only invest what he can afford to lose. So the next time as you are about to click that “buy” button, stop and ask yourself:

"If this trades doesn't go as planned, will I still be able to sleep at night?"

If the answer is yes, then you can go ahead. But if the answer is no, then it best not to make that trade or investment.

These are solid points and can save one from losing extra money by asking themselves a question. I respect your opininion. But i as a trader think that mostly beginner traders think of trading as a GET RICH QUICK scheme. They think investing $100 can make their fortune. It is not their fault too as todays trading "GURUS" make it look that way by only showing huge profits. so if a trader with that capital invests with risk management he/she will see their expectations not met and do overtrading and eventually leave the market by losing that capital. so in my opinion trading should not be seen as a money multiplier but a full strategic War. in which you have to save yourself not conquer. Im just talking from the beginners point of view. These points can help a more experienced person who has spent some time in the market. ( not expert )
Please correct me if im wrong.