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Cryptocurrency Trading / Re: Simple practices to improve trading.
« on: May 25, 2024, 07:44:22 PM »I believe that each investor is suited for a specific activity in the market: holding or trading. Both holders and traders can earn significant profits in this market, as long as they have sufficient experience in market analysis and risk management. Shitcoin holders can also suffer losses, while highly disciplined traders can still achieve huge profits. The difference between losses and profits is created by experience, and experience only comes from the time that investors spend in the market, and it goes hand in hand with patience as you mentioned.
Typically, investors often FOMO and rush into investments to make a profit. They usually only start to take it more seriously when they suffer losses and see the harsh realities of this market. They have paid a high price to understand that this market not only has opportunities but also risks, and they are not lucky enough to get rich in the crypto market.
Holders or investors I don't think they have a risk management skills most of what I know they are risk takers they invest randomly into any project without DYOR or any fundamental analysis that is the one thing that I heard from them but as they said they earn more from the long term holding even the other coins or shitcoins they hold never made a profit they can made a huge profit to other coins they hold. The advantage of investing and as a holder is that they can buy a coin at a very low price and make a huge profit after holding them for the long term. It's different for a trader who does technical analysis and they do have a specific time to hold a position or they target price before they close their position as a trader emotion is one of the hardest things to control if your mindset and target is to make profit if that is your mindset then you will never made a good profit in trading.