Easy trading?

in bitcoin •  7 years ago 

Is trading or investing easy? Well, you may think so when you invested $ 1,000 early last year in Bitcoin and didn't look at it until the end of December (and subsequently sold all your coins). But that is all hindsight. Plenty of traders/investors got out after the first 100 % of profit. Some of them got back in after the next 100 % rise, maybe got out when it crashed 20 % (and forgot or didn't dare to get back in).
You can swap the word 'Bitcoin' for Apple shares or any other share of a company which had a good run-up last year.
Or more recently, the stock markets in general, which showed their first hiccup, almost a 10 % correction, just last month. Some investors got a nasty wake-up call, especially those who had money in volatility programs or consistently sold the VIX.
​​​​​​​So we have a market which has become more volatile, which can provide great opportunities for a trader. But this also means that as a trader (and as an investor) you really have to know what you are doing.
And serious trading/investing is not easy. The inconvenient truth about successful trading is that it is work.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!