Steemit Crypto Academy,[Season 2 Week 4] Homework Post for prof @fendit {Don't Get Lost In The Fuzz}.

in hive-108451 •  4 years ago 

Hello everyone, it's nice to meet again this week, this time I will try to complete the assignment from the professor @fendit.

The task this time is very extraordinary, I am very excited to do it even though I do not have much experience about treding I will try to tell a little of my experience about treding.

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Q1 What would you have done before reading this class?

In an incident like this, I think because I am still very new to this trade, I will first ask my friends who understand more about this problem and will try and learn from YouTube, the ups and downs of the graphics will make me more careful in acting and requires a lot of references for me to learn.

Q2 What would you do now?

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After studying it and getting a lot of references I will sell it at the minimum possible loss because I want to stay in a position that is not too detrimental to me.Because I am still new to trading, I think most people also don't want to lose because losses will make people stay in two choices to stay and learn more to correct mistakes or give up because they don't know what to do after a big loss.

Q 2a : What mistakes have you done when trading?

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I know treding is still very new, but I once learned from my friends about treding where at that time my friend asked me to sell one of his koi. still do not understand about the stop loss at that time. It has cost my friend a lot of harm and I feel guilty about it but my friend tried to cheer me up and said we would try to do better next time.

After the incident that my friend and I experienced at Bittrex it made us both learn a lot about losing $ 100 in a day for us who are still students. This is really detrimental and in the future we will be more careful and learn a lot.

Q 2b : What did you learn from them?

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From the experience that I have gained and learned, I now know that treding requires a lot of patience and also requires a deeper study of graphics. maybe not everyone has the luck but everyone can if they have the will and the patience. Treding also needs to be learned in the long term that it can't be mastered in an instant in my opinion and that doesn't mean it's impossible to master it in an instant.

Q 2c : Which of the strategies discussed in this class you find the most useful for you? Why?

Don't Let Greed and Fear Take The Worst Of You

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I think it is the nature of humans who feel that they never have enough and always want more for what they get, seeing the market situation suddenly skyrocket in an instant often makes people rush into making decisions without paying attention and being patient for a moment about what that happened in the next minute.

Not a good thing When seeing the market suddenly rise and we have rushed to make a decision we never know how long the chart will be above and When the chart below sells it for fear of losses is also not a good thing I guess everything needs to be studied well. Making hasty decisions often makes us fall and difficult to get up.

Q3 Place yourself in the following situation:

You're browsing Twitter and you see this:

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Everyone knows that Elon Mask is a big person who has enough influence in treding matters, by issuing such words can make the token price instantly high, but still there is no guarantee how long the token price will continue to soar.

At times like this when trading the Stop-Loss button it becomes very important so that we don't lose all of our money and we also need to be more careful and patient in this situation, there's no need to rush, better slowly but surely in my opinion.

Conclusion

Of all the things that I have said and learned so far about treding, being patient and careful in making decisions is the main key to treding. greed will only make us fall and difficult to get up. learning a lot of new things about treding will really help us get good results.
Reasons Not to Start Treding

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And why until now I have not been able to do treding is that I have not received verification so far and I have tried it many times. If my friends know the best way, I hope my friends will tell me.

Sorry if there are words and writing that are wrong, if other friends want to comment, please comment in the comments column below.

Thank you for reading my writing, see you in the next assignment.

Best regards @karimjz

CC:
@fendit
@steemitblog
@steemcurator01
@steemcurator02

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Thank you for being part of my lecture and completing the task!


My comments:
Although the work was nice to go through, all tasks were a bit too simple. Try to give it more depth to your answers next time!


Overall score:
5/10