(Jesse Livermore)
The Market isn´t wrong, you are!
In case you are still new to the world of Trading, might it be in the stock or CryptoCurrency market, then there´s one thing you have to learn and remember from the very beginning. It´s the Lesson Nr. 1 in my opinion, that whenever you loose some money it´s you who´s been wrong, not the market.
Sure, you might argue that the whole market is driven by the expectancies of thousands of different Investors. But let´s be honest to ourselves. Whenever the price goes the other way, then your opinion, along with the one of many others, was simply the wrong one at that very moment.
Anyways it´s nothing to worry about as to err is human and there´s definitely not a single trader out there, who´s never been wrong. The ones who say so are lying for sure ;)
So enjoy the gamble, but play responsibly as you most probably don´t want to loose all the money you´ve had to work so hard for before. Whenever you do so you can easily be wrong sometimes as well.
(A Proud German Ambassador from & for Teamaustralia!)
I agree, that's why I use the following trading strategy: from one side it is arguably the way to avoid bad financial decisions, from another side - just psychologically convenient.
If you tend to buy very good assents at the moment their decline curve is long already, then you never say yourself "ok, I am a fool, I bought this asset too high" - because with such an approach you usually buy near the bottom or at least you buy better than the majority of other traders :)
Not suitable for day traders, of course (they need to have some assets to deal with every day), but seems to work good for long term high ROI traders.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
nice
but there are some errors present over there
and this will make you in trouble i guess
by the way thanks for sharing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
good post
@abdelhamidtsouli
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
True ..to err is human..but that must be corrected within time..wrong concepts leads to trouble .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post thank's for share it with us , I have followed you !
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Trading is and will always be a gambe! No need to feel bad after an investment goes south. As long as traders just stop spending their hard earned cash on useless ICO's. Read up on the projects and teams before you invest! Check out this post: https://steemit.com/ico/@astrocrypto/stop-spending-stupid-money-on-ico-s
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit