Post
Topic
Board Nigeria (Naija)
Re: Lack of knowledge is a bitch
by
I_Anime
on 16/07/2025, 18:54:21 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.

Just buying and selling is not all you need for trading you can buy the dip and same coin will dip further that’s why we technical analysis. Which may take some time to master but still worth it . The honest truth is that what you really need in trading is to be discipline and patient , know when to trade and when not to trade , you are not in trading for getting rich over night you are there to build something nice over time . Work with the right mindset and eventually you will master the market .