Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: marksayson on July 31, 2018, 02:21:17 AM
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I'm a newbie and have been into crypto for a couple of months now. I must say the advice from other members about not checking trades too often is very good. One can become obsessed with it, and I think the thrill of the "win" can be quite addictive. Similarly that depressed feeling when the world is "red" can be deflating as well. There must be a "happy" medium, if one is to maintain a balanced life.
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you need to have a restrained temper and coolness, because in this market, without these feelings, you can lose all the earned money
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Yes, many people are wrong when buying coins. can be seen when prices go up many buy coins and eventually they lose money due to falling prices.
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We also need entertainment on this, because all jobs including trading in cryptocurrency can also saturate if we are stiff.
Maybe after we profit in trading, we better entertain to the beach to find cool air.
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My advice to a newcomer is not to fall in love with the sector. This sector can bring you to the bottom of the ground that can bring you to the skies. However, you can earn money thanks to very good research. This is for beginners, of course
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For sure, it can easily become an obsession if you allow it to happen. I have trained myself to take a peek at my portfolio only every couple of days, so I am not overly stressing about every single tiny dip that happens during the week.
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Indeed when playing in the Crypto World and winning. That will make you addicted to playing and Doing Business again in this Crypto World. I was like that before, happy to win and get a profit. From all that I was addicted to continue playing until now.
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To trade in crypto is still an investment so no matter what type of investment you are in you should not be like a robot and follow closely with your strategy. Normally following price closely is not beneficial to you as it will affect your mood in moving on.
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To trade you need to approach with a clear strategy and money management and risk management.No emotion.Your job.
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The point is to make a time schedule about when we do our work for trading and when for other activities. We don't need to work as traders all day. We should have many activities in daily life, so just manage our time and don't spend all times for trading. That's my suggestion.