Post
Topic
Board Nigeria (Naija)
Re: Lack of knowledge is a bitch
by
Mehmet69
on 14/07/2025, 18:21:31 UTC
I find it very awkward that even in this day and time, most spot traders are still buying only when the market is green, they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading  the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green, but if you are buying at the top when it's not Bitcoin, their is a higher probability that you may sell in a loss if the asset you bought fails to recover in an extended period of time, so the earlier most spots trader understand that buying and selling has their own time the better.

Most beginners don’t even try to understand that trading is a learning process. They want to make big profits as soon as they start. Most beginners who join trading only think about leverage but they forget that their main goal should be to survive losses.

Crypto trading is one of the most difficult trading. Those who trade Bitcoin face losses again and again. But if they are patient and don’t panic at that time, they can be able to make profits. But it is very difficult to predict when Bitcoin will be green and when it will be red. Because of this, most beginners buy in the green market but later get scared and sell when they see the red market.