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Author Topic: This bad habit will cost you a lot in trading  (Read 12885 times)

Offline Azharul

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Re: This bad habit will cost you a lot in trading
« Reply #180 on: December 18, 2024, 10:47:14 AM »
When we are into trades, we are not going to let in some of our personal habits or character get into us on our trade, we must be able to have the right approach to how we can trade and be a successful one, trading is not by mouth, we have to act it by our skills, some have already traded and see it as what they cant cope with because they don't have a risk management practice and cant afford having a continues losses.
In trading we must be professional and not use a personal approach but must analyze and have the right strategy. because trading is a business how to manage my crypto assets with proper risk management and how to have a good one in order to maximize the profit we will get.
Yes, you could explain a best opinion in your comment. So I am also agree with your prefer comment. We also know that trading is one of the best profitable source in crypto currency market. We can earn best profit from cryptocurrency market. But we must should know about correct trading system in crypto currency market. Because without knowledge in crypto currency market, we can not get best profit from cryptocurrency market. Because we know that cryptocurrency market is always depending on risk. So I believe that if we could understand in cryptocurrency market and be conscious, then we will be successful from trading system.
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Re: This bad habit will cost you a lot in trading
« Reply #180 on: December 18, 2024, 10:47:14 AM »

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Offline Crypto Library

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Re: This bad habit will cost you a lot in trading
« Reply #181 on: December 20, 2024, 10:30:33 PM »
For now I think things are still very healthy to bet long on any crypto, right? Because it is expected that by January it can continue to rise in price, of course the 4 years where the price rises in btc are completed and this brings good news for the alts, although I am not one to buy alts because I have had bad experiences with that, because those who do have the expertise to see the good advances become a great opportunity, for that reason I have always said something , we as traders should look closely at the volume, to see if it is convenient to buy, if it is convenient to sell , the idea is to take advantage of the moment.
I think most of the people who are experiencing the bad condition those all of the investment must be on all altcoin I can definitely say that most of the people who were invested on Bitcoin those experience were far better from the altcoin investment even there is some exceptional event.
And regarding the investment on right now I am currently avoiding all kind of investment on crypto currency in the recent dump if market make more little dip I have a plan for the investment on Dogecoin.

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Re: This bad habit will cost you a lot in trading
« Reply #181 on: December 20, 2024, 10:30:33 PM »

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Offline rizqillah

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Re: This bad habit will cost you a lot in trading
« Reply #182 on: December 20, 2024, 11:55:33 PM »
For now I think things are still very healthy to bet long on any crypto, right? Because it is expected that by January it can continue to rise in price, of course the 4 years where the price rises in btc are completed and this brings good news for the alts, although I am not one to buy alts because I have had bad experiences with that, because those who do have the expertise to see the good advances become a great opportunity, for that reason I have always said something , we as traders should look closely at the volume, to see if it is convenient to buy, if it is convenient to sell , the idea is to take advantage of the moment.
I think most of the people who are experiencing the bad condition those all of the investment must be on all altcoin I can definitely say that most of the people who were invested on Bitcoin those experience were far better from the altcoin investment even there is some exceptional event.
And regarding the investment on right now I am currently avoiding all kind of investment on crypto currency in the recent dump if market make more little d
ip I have a plan for the investment on Dogecoin.
Your opinion is right, people who invest in altcoins have more bad experiences because the risk of investing in altcoins is greater than bitcoin. because bitcoin is a safe coin and will always rise during the bullish season.
However, the opportunity to get bigger profits is to invest in altcoins, this greater risk is what investors choose

Offline LUCKMCFLY

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Re: This bad habit will cost you a lot in trading
« Reply #183 on: December 21, 2024, 03:59:21 PM »

I still choose bitcoin as my main coin choice in investing, because I don't really like meme coins, so I only have a few meme coins in my wallet. DOGE is the most popular meme coin, this can also be a consideration / And we can also buy PEPE, this coin is also good enough to hold until next year.

Well, it's not for nothing, but I've felt like buying some Doge, with all this BTC going up, it wouldn't be bad to buy since Elon Musk when Trump takes power he can boost DOGE, But of course it's just a guess, the further Elon goes, the further Doge goes, in this case the bears can be very different, I still trust that it's better to keep buying btc because for me btc is the best currency that exists, and it is the only one that has survival and a life of its own, the coins will make me money, but you have to be right when you should buy to win.

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Offline ajiz138

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Re: This bad habit will cost you a lot in trading
« Reply #184 on: December 21, 2024, 05:01:40 PM »
Your opinion is right, people who invest in altcoins have more bad experiences because the risk of investing in altcoins is greater than bitcoin. because bitcoin is a safe coin and will always rise during the bullish season.
However, the opportunity to get bigger profits is to invest in altcoins, this greater risk is what investors choose
Anything that has a good return will be equal to the risk that we have to bear, that is something we have to understand from the start.

For example, in trading, of course we can get profit very quickly, but the risk is that we can also lose money in a very short time. That is a comparison that is equivalent to what we can get. So it all depends on our decision which risk we will take.

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Re: This bad habit will cost you a lot in trading
« Reply #185 on: December 21, 2024, 05:39:47 PM »
Your opinion is right, people who invest in altcoins have more bad experiences because the risk of investing in altcoins is greater than bitcoin. because bitcoin is a safe coin and will always rise during the bullish season.
However, the opportunity to get bigger profits is to invest in altcoins, this greater risk is what investors choose
Anything that has a good return will be equal to the risk that we have to bear, that is something we have to understand from the start.

For example, in trading, of course we can get profit very quickly, but the risk is that we can also lose money in a very short time. That is a comparison that is equivalent to what we can get. So it all depends on our decision which risk we will take.
if I choose to take a safe investment, become a long-term holder and do spot trading to fill my free time.
because taking high risks to get big results has been tried several times in the past, and I failed.
that's why I choose a safe way to get profit.

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Re: This bad habit will cost you a lot in trading
« Reply #186 on: December 21, 2024, 06:39:58 PM »

I still choose bitcoin as my main coin choice in investing, because I don't really like meme coins, so I only have a few meme coins in my wallet. DOGE is the most popular meme coin, this can also be a consideration / And we can also buy PEPE, this coin is also good enough to hold until next year.

Well, it's not for nothing, but I've felt like buying some Doge, with all this BTC going up, it wouldn't be bad to buy since Elon Musk when Trump takes power he can boost DOGE, But of course it's just a guess, the further Elon goes, the further Doge goes, in this case the bears can be very different, I still trust that it's better to keep buying btc because for me btc is the best currency that exists, and it is the only one that has survival and a life of its own, the coins will make me money, but you have to be right when you should buy to win.
At this time if I have to choose Bitcoin or Doge, I will choose to buy Bitcoin because after all the price is high and buy a big kind doge because there is no clarity Elon Musk will use Doge for X.
But if there is a deeper correction I will also buy Doge to add a doge collection in my wallet.

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Re: This bad habit will cost you a lot in trading
« Reply #186 on: December 21, 2024, 06:39:58 PM »


Offline Crypto Library

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Re: This bad habit will cost you a lot in trading
« Reply #187 on: December 21, 2024, 08:19:01 PM »
Your opinion is right, people who invest in altcoins have more bad experiences because the risk of investing in altcoins is greater than bitcoin. because bitcoin is a safe coin and will always rise during the bullish season.
However, the opportunity to get bigger profits is to invest in altcoins, this greater risk is what investors choose
In my point of view if I say that most of the people who are the new in this  Crypto space those peoples made these kinds of mistakes like day only see the how much they can earn from that altcoin like in this case most of the people choose the hype coin i.e the memecoin but they don't think about the negative side like they can also lose find here. And that's why they faced the big losses in the altcoin.

On the other friend I will not say that Bitcoin investment don't have any risk but list if you do investment here for the long term with the fund what you can afford to lose, 90% chance here you won't face loss.

Offline ajiz138

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Re: This bad habit will cost you a lot in trading
« Reply #188 on: December 22, 2024, 04:07:51 PM »
Anything that has a good return will be equal to the risk that we have to bear, that is something we have to understand from the start.

For example, in trading, of course we can get profit very quickly, but the risk is that we can also lose money in a very short time. That is a comparison that is equivalent to what we can get. So it all depends on our decision which risk we will take.
if I choose to take a safe investment, become a long-term holder and do spot trading to fill my free time.
because taking high risks to get big results has been tried several times in the past, and I failed.
that's why I choose a safe way to get profit.
We also have to be able to measure our abilities, how far our knowledge and skills are and of course how strong our mentality is. If our mentality is weak, then look for the safest and in this crypto space holding has a lower risk so this is recommended.

Most people don't know themselves well, that's really the problem. Because how can we do something successfully, while we don't know the extent of our abilities.

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Re: This bad habit will cost you a lot in trading
« Reply #189 on: December 22, 2024, 08:03:31 PM »
Anything that has a good return will be equal to the risk that we have to bear, that is something we have to understand from the start.

For example, in trading, of course we can get profit very quickly, but the risk is that we can also lose money in a very short time. That is a comparison that is equivalent to what we can get. So it all depends on our decision which risk we will take.
if I choose to take a safe investment, become a long-term holder and do spot trading to fill my free time.
because taking high risks to get big results has been tried several times in the past, and I failed.
that's why I choose a safe way to get profit.
We also have to be able to measure our abilities, how far our knowledge and skills are and of course how strong our mentality is. If our mentality is weak, then look for the safest and in this crypto space holding has a lower risk so this is recommended.

Most people don't know themselves well, that's really the problem. Because how can we do something successfully, while we don't know the extent of our abilities.
We must know our abilities in every action, especially something that contains risk. because by measuring our abilities and skills we can minimize the risks that we will receive, especially in trading and investment because this is very risky.
Maybe as a holder we only need to know the cycle of crypto, buy when bearish and sell when bullish. However, in trading we must have the skills to manage the risks that we will receive, this must be adjusted to our knowledge and abilities.

Offline debra

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Re: This bad habit will cost you a lot in trading
« Reply #190 on: December 22, 2024, 10:54:15 PM »
We also have to be able to measure our abilities, how far our knowledge and skills are and of course how strong our mentality is. If our mentality is weak, then look for the safest and in this crypto space holding has a lower risk so this is recommended.

Most people don't know themselves well, that's really the problem. Because how can we do something successfully, while we don't know the extent of our abilities.
We must know our abilities in every action, especially something that contains risk. because by measuring our abilities and skills we can minimize the risks that we will receive, especially in trading and investment because this is very risky.
Maybe as a holder we only need to know the cycle of crypto, buy when bearish and sell when bullish. However, in trading we must have the skills to manage the risks that we will receive, this must be adjusted to our knowledge and abilities.
Yes, the term is self-awareness, being aware of our abilities in terms of capital, mentality, and knowledge. This way we will know where our limits are and what we should and should not do. And when we understand our own abilities, we can be enthusiastic to upgrade our abilities, for a higher target, No pain, No gain. In this way, we will know our limits in taking risks, not be greedy, and be more controlled in various decisions, especially related to crypto currency trading which is very high risk. This means that it requires mature preparation from all aspects.

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Re: This bad habit will cost you a lot in trading
« Reply #191 on: December 25, 2024, 07:47:40 PM »
And regarding the investment on right now I am currently avoiding all kind of investment on crypto currency in the recent dump if market make more little dip I have a plan for the investment on Dogecoin.

The truth is that what you say seems very good to me, but your plan to invest in Doge is more interesting, and at the same time I think about it and it is very good ñ because obviously when Trump comes to power, Elon Musk will have a lot of power, and if this happens, a simple movement or what he says about Doge can make it boost, so it seems to me that your intuition regarding Doge seems correct to me, although I have many friends who do not like altcoins, there are opportunities that can be taken advantage of and it seems to me that you are doing it well.
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Re: This bad habit will cost you a lot in trading
« Reply #192 on: December 25, 2024, 09:09:10 PM »
And regarding the investment on right now I am currently avoiding all kind of investment on crypto currency in the recent dump if market make more little dip I have a plan for the investment on Dogecoin.

The truth is that what you say seems very good to me, but your plan to invest in Doge is more interesting, and at the same time I think about it and it is very good ñ because obviously when Trump comes to power, Elon Musk will have a lot of power, and if this happens, a simple movement or what he says about Doge can make it boost, so it seems to me that your intuition regarding Doge seems correct to me, although I have many friends who do not like altcoins, there are opportunities that can be taken advantage of and it seems to me that you are doing it well.
many people have opinions like and they have confidence that the price of doge will increase after trump is inaugurated as president of the US and Elon musk is likely to use DOGE for X payment. but all are just predictions we don't know the truth because until today I have not read any leaked news about the coin that Elon Musk will use to integrate with X.

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Re: This bad habit will cost you a lot in trading
« Reply #193 on: December 25, 2024, 09:30:21 PM »

Yes, the term is self-awareness, being aware of our abilities in terms of capital, mentality, and knowledge. This way we will know where our limits are and what we should and should not do. And when we understand our own abilities, we can be enthusiastic to upgrade our abilities, for a higher target, No pain, No gain. In this way, we will know our limits in taking risks, not be greedy, and be more controlled in various decisions, especially related to crypto currency trading which is very high risk. This means that it requires mature preparation from all aspects.
Good advice and I agree with your opinion, we must know the limits of our abilities so that in investing we can maximize profits. How much capital do we have, what skills do we have so that we can adjust what method suits us in investing. If we have trading skills, we can choose it. but if we do not have the ability to trade we can become a holder.

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Re: This bad habit will cost you a lot in trading
« Reply #194 on: December 25, 2024, 10:42:25 PM »

At this time if I have to choose Bitcoin or Doge, I will choose to buy Bitcoin because after all the price is high and buy a big kind doge because there is no clarity Elon Musk will use Doge for X.
But if there is a deeper correction I will also buy Doge to add a doge collection in my wallet.

It's interesting your point of view, because I have done similar things in terms of investing in cryptocurrencies, but I have had bad luck because the time I diversified the market came against me, specifically I believed that the opposite was going to happen, it was in the NFT era where almost everyone won, so I believed that at that moment the btc was going to go up more, but it was when it started to drop in price and the alts investment fell sharply, I was presented with an opportunity to sell not so badly and I did it, even so I had some losses, that's why I learned that until I have a good amount of btc I would not try to diversify so quickly.
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