Well like a question a neighbor asked me today because he knows I deal with bitcoin trading and to what relates with bitcoin. He asked that if he wants to make money from trading does he need several strategy to start up as a beginner?
Straight up answer:
I said no because like most post I do read here I have to understand that one doesn't really needs to acquire several strategies as someone who is starting up instead needs to develop himself to understand more things about that trading before trying to explore different strategy to trade with. However, I don't think it's a solution to newbies rather a kind of distractions making them to lose more at the cause of trying to adopts more techniques to succeed.
What do you think, is that question okay as you know and have your knowledge towards trading?
i think you did well in telling the person NO. just as you said for a newbie it will be best if he or she stick to one strategy and master it if the person tries combining different strategies all at once it may prove difficult to him or her especially considering the fact the they are new to the game, even as a professional this may be difficult to handle all at once. there are cases where these strategies may even go against each other Straight up answer:
I said no because like most post I do read here I have to understand that one doesn't really needs to acquire several strategies as someone who is starting up instead needs to develop himself to understand more things about that trading before trying to explore different strategy to trade with. However, I don't think it's a solution to newbies rather a kind of distractions making them to lose more at the cause of trying to adopts more techniques to succeed.
What do you think, is that question okay as you know and have your knowledge towards trading?
so in my honest opinion he should find a strategy that works best for him and stick to it. just like the saying goes a jack of all trade is a master of none
