becoming a trader or a holder, it is a decision and adjusted to our ability and strategy in investing. And of course if you choose to become a trader you must have knowledge and experience because becoming a trader is not easy, it requires expertise in making plans and strategies.
Becoming a holder requires patience, because we can buy when bearish and hold for about 2 years if we want to get maximum profit.
Basically, every investment choice brings its own characteristics that can be adjusted to what we have, both in terms of time and ability. When choosing to be active as a trader, we need to continue to learn and hone our ability to analyze the market, because quick and precise decisions are what support success. On the other hand, if we choose to be a holder, patience is the main key in waiting for the right time to get maximum results. Both of these paths have the same potential as long as we do it with consistency and good planning.
It is true that having knowledge is the way to deal with the risks in trading. It is also the way to optimize the chance of getting good profits. We must know a proper strategy in trading if we have knowledge. We can do analysis or research as well, including learning the price charts. So, it is very important to have knowledge in trading besides we also need to have good mentality. Sure, everyone keeps learning although they already become professional traders. Learning will never end, it is a must to increase knowledge every time.
The ability to read the signal and the ability to understand prices and trends of the market puts us in a better position when it comes to the trading. As a result, one can increase the number of understood risks and strengthen the highlights of existing opportunities through constant enhancement of the insights that might help avoid possible hazards and detect new patterns. Being disciplined in the way we execute the strategy that has been developed and remaining composed with various market situations will going to be our strength. Of course, each step made with proper preparation will create more possibilities to achieve the goal and learning is a part of that process which will not end.