Why‼️trading is not for everyone

in hive-120861 •  last month 

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Crypto has provided many benefits for most people, even important notices for those involved in the world of trading and this also doesn't sound foreign to our ears, especially for those who like technological developments in the modern era like today. In fact, 70% of people use cryptocurrency technology as a place to make money to meet their daily needs and this shows that technological changes will provide new opportunities in the future and beyond.

Cryptocurrency innovation is a platform that is in great demand by people around the world, so this shows that interest in blockchain continues to increase drastically every day. Yes, for example; The Steemit platform is widely liked by community groups throughout the world, such as Indonesia, Venezuela, India, Bangladesh and several other countries that I have not mentioned one by one.

Maybe some of you already know how to trade from zero to being a contrarian to making a profit from tokens. Yes, according to ordinary people, it is very easy to press the Buy and Sell or Sell and Hold button, but for experienced traders, they have definitely tasted the bitter and sweet world of trading and need a book as a guide that can be used as a guide. concept for their benefit so that they become millionaires.

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What if I said that "Trading is not for everyone, and everyone is not necessarily a trader." What does this statement mean? Isn't that very contradictory? Indeed, individually it seems true for those who do not understand crypto who only rely on instinct to determine the direction of the candle stick which is often used by autonomous traders by dominating the market in a confusing way (from shots) so that they are trapped in a losing situation.

However, it's a different story with experienced traders who understand technical research, understand what candle charts are, and apply mind and money management to develop their investment portfolio.

Trading is not just about drawing and towing lines. However, it takes mental endurance, flying hours and a huge sacrifice of time to become a trader.

Although most of us know that the crypto market itself is not very efficient, it is still sensitive to sentiment even though its 24/7 non-stop performance is very different from the 8/5 per day performance of banks. These two figures can be used as a comparison.

This situation can cause cryptocurrency assets to move with very high volatility, which makes price movements very difficult to monitor for those who are not always involved in the market all the time.

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If you want your trading to make more profits, it ends up being a loss (term). This is often experienced by traders who still take their knowledge in crypto for granted, resulting in large losses occurring and having an impact on their mentality, causing frustration. This shows a change in psychologists who are falling.

So how can you avoid major losses in your assets? It's simple, just fill your free time reading the content of experienced traders that they share on minutes to 4 hours then draw several lines for you to compare completely.

If you want to be more skilled at playing a role in the world of Cryptocurrency, you should take part in several online crypto member academy testimonial services that pay even though the price is quite high, but there's no harm in trying to improve your crypto class to make it even better.

Conclusion
These super rich people don't look at PNL every 5 minutes or check Bitcoin prices every 7am to determine trading bias. So what is the thesis behind you thinking that you can get rich from trading? It really doesn't make sense when our goal is to gain wealth, but not imitate what rich people do. When you want to be rich, copy what rich people do, not what rich people do. they say.

That's why we have to understand the fact that we have to focus on the capital we have on investing, not trading. An allocation of 70% for investing and the remaining 30% for trading is the ideal number, even if we cut this ratio to 20% or even 10%, our account as a whole can still grow. The main focus in allocating our capital must still be on investing.

In the end we have to accept the fact that maybe most of us are not traders, and that's okay. Shouldn't everyone accept their fate and focus on what they can master? Focusing on something we don't control is the same as lying to ourselves. Even in a soccer team, there are people who are strikers and there are people who are goalkeepers. A goalkeeper should not be jealous of a striker who scores goals, because that is not his job. A goalkeeper's job is to guard the goal so that it doesn't concede. Everyone may not be able to become a trader, but everyone can become an investor.

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Review dateOctober 19, 2024

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