Topic: Don't rush you will still win - page 2. (Read 2264 times)

To make money, one needs to understand the market very well before they start making entries. Don't buy anything even with small amounts until you learn everything, and once you are ready, you can start buying then you don't need to wait to invest small amounts periodically because you will know what you are doing and what you are getting into. If you wait, you might miss the opportunity because this market is highly volatile and unpredictable, different now and different tomorrow.

Most newbies make the mistake of getting frustrated too quickly and leaving it forever. Their first mistake is to try and earn money immediately after entering the market, and the second one is not learning from their mistakes and thinking they can't do it and it is not for them.

The most recommended thing in trading is just patience in waiting for the right time and being patient in being able to withstand losses by not releasing existing coins. Especially for investors, they don't have to rush to take a buying and selling stance to avoid asset loss.
This is not only for investors but for traders too. In some analyzes many impatient traders want to make a profit quickly, there is no way other than they can hold a coin which of course will increase after a crash, an idea like this is also not a promising decision unless they are willing to risk losing money when the coin doesn't match. hope and turn around.

There are types of traders who might react right away especially those who are playing with short term strategy, they are alway aiming for quick benefits, but there are also types of traders who understand that to lessen the chance of losing waiting for specific value will allow them to earn decently and most of the time much bigger compared to those who are doing a quick outcome and keep chasing the market movement to take some edge.

Patience is of the upmost importance for an investor, but for a trader it is way less important and it could even be counterproductive, this is because traders are supposed to take decisions at a relatively fast pace, so holding your coins thinking they can go up in value is not the behavior that I would expect out of a trader, instead a trader needs to be willing to cut their losses short if needed in order to protect the rest of their capital from a potential crash.

Impatience is also the result of the inability to read market conditions, such as when the market is going down does not mean it is the right time to buy immediately because it is possible that the decline will be deeper and the ability to read the market will allow traders to patiently wait for cheaper prices as well as when the market is going up, and traders must do but rarely pay attention to using the stop loss feature to avoid big losses because it is impossible for us to always look at the computer screen to see market movements so that with a stop loss will avoid big losses when the market tends to go down.

Yeah, just like now with recent world events. Experienced people do have skin in the game and won't just sell their BTC because it dropped up to 2%, because everybody knows it will eventually bounce and grow even bigger eventually.

This is true but not all coins can be applied like that because sometimes we have to give in and limit the amount of loss we bear by stopping loss on one of the coins that has no potential to increase again.
Except for top coins that have a high possibility of increasing in price, for example Bitcoin, of course no matter how much the price drops we don't need to panic because there is a big possibility that there will be an increase so we need to be patient.

Yes, there are still other possibilities that can arise when we have locked a decision and if we do not know about the potential for the emergence of these signs that can cause changes then of course we will execute our decision at the beginning which actually ends in a loss, and I agree with you that one of the reasons why we must continue to increase our knowledge by learning is so that we can identify related signs like that so that the decisions we take do not go wrong, usually I also always wait for the confirmation point of the formation of the price direction before finally executing the decision that I have taken at the beginning, because I am often fooled by the direction of price movements that I initially thought would reverse but it turned out to continue the previous price direction, meaning that our intelligence and accuracy are quite tested, and this is also the reason why trading is an activity that depends on skills.

The reason why you need to keep ehancing your knowledge as there are times that you need to be patient and wait for that confirmation before deciding, as there are things that happen so fast and if you react quickly you might missed it out and became a victim, as long as you do your research and you are confident with the project that you support, it's always best to wait for your target value before selling not unless there's situations where the entire project is at risk.

Impatient traders are too quick to make decisions to sell that'll eventually cause them to lose their trades but they begin procrastinating when it's time for them to buy. When the markets starts dumping, you shouldn't be in a hurry to sell as some of those scenarios are traps, always wait for a confirmation before buying or selling before you buy or sell at the wrong time. In trading, timing is everything as if you time the market wrongly, you'll be making losses while those individuals that get their timing right will be making money. To become a profitable trader we have to let go of panic or other behaviour that'll cause us to always lose to the market.

I pity for those who hold new coin or shitcoin and think they are holding good assets or are diversifying their portfolio because I know that after bullrun come bear run and can likely dumped on them, that is why I do advocate for good asset like bitcoin, ethereum or BNB even though the last two coin I mentioned seems to be altcoin but it is more and extremely more reputed than any other coin out there, so while focusing on investment we should mind the kind of coin invest/trade.

one of the things that can make us successful in trading is patience, and being in a hurry is the opposite of being patient. So, I think, impatient people are more likely to suffer losses in trading. However, always being in a hurry is a bad thing. although not always bad, but it makes us sometimes make the wrong decisions. For example, when someone panics, and then makes him rush to sell his assets in a short time, so he gets minimal profit, or even losses. To become great traders, I think we need to instill patience. So, don't be in a hurry.

When a beginner thinks that they already know everything about trading well, of course they have made mistakes and as beginners in trading, of course they must be very careful in entering trades and it would be better if they had someone who already understands trading well who can accompany them when they first try trading.
Yes, you are right, in trading, of course there will be many risks that will be faced by anyone who does it and it is not uncommon for us to see those who already understand trading well still experience failure, but the failures they experience are certainly different from those experienced by beginners.

Why must you be panic or rush to trade in the market when you know that, the price of BTC use to change to positive and negative in the industry, and the more you exercise patience in your trading, the more you begin to get the experience on how to accumulate in profit making.There are some winning that will bring out small result while there are some winning that will bring out big result, and if you want to win big in your trading, don't be rush to trade when you have not done your research about the present and future of the market because when you carry out your analysis, it will help you not rush to trade but to wait for bull run to occur.

I guess newbies will learn a new things from this trend today to eliminate the spirit of rush from their trading, because the rate newbies are experiencing losses these days in their trading, is very high because they don't want to slow down to observe the market price before trading.

This is so true and yet so many people ned up investing into terrible tokens and doing terrible investments. I think it is not looking that good at the moment and I feel like the best thing that we can do at the moment is bitcoin investment.

I understand that it doesn't feel like a great investment at times, but it's really the best one out there and we should not be having any type of problems for the long term at all. I get that it is not something that many people think about or consider constantly, but it is also something that doesn't really mean that we should be looking at tokens that is basically scam. Just keep on investing as smartly as you can with whatever income you can put into crypto, and you will be doing fine.

Newbie traders think they have known everything, and they think they are qualified to be able to trade on their own. Some of them think seeing another person win will make them also get the same risk, and this is something different. Trading has a lot of risk that needs to be studied. Some of them failed to learn the basic knowledge of trading, although even professional traders lose, but the professional traders know how to manage risk and other things that will not cause them to lose too much money in their trading, which newbies did not know. 

Im pretty guilty in that part like the recent dump happens I got carried away with my asset reason to have a panic selling and then makes a regret seeing the market right now are sitting around the 66k mark and of course every action there's a consequence. Now as per checking on the market I guess its time for another position and preparation for the ber months and next bull run. Mistakes from the last three years before halving I hope I will not do the same thing.

Experience is the best teacher and there's no denial on that, we are all once a noob and we have definitely be able to experience those things on which i could say that this one would really be that inevitable.
The issue on here is that not all people would really be having those realizations on which on the moment that they are seeing falling prices or market dump situations then they do really become that too reactive on which this one really causes up for them to have that kind of those bad decision making because they do panic out. On the time that they've seen that the market do make out some recovery then this is the time or moment that they would really be having those regrets. Just like been said that everything would really be that accordingi into someones decisions and on the things that they have learnt in the past.

Success isnt something that could be known on trading field or investing into crypto not until you would really be finding yourself that profitable. If you are really that serious on trying out to sustain
this market then you should really be that versatile as much as you can on which making up some adjustments basing up on the market condition and would really be acting out accordingly.
You cant really be able to make out some assurance but at least you are really that doing on the right approach on which only a few could be able to do so.

This is what often happens to beginners, they panic or rush into a falling market. In the end, what often happens is that they sell at a low price and buy back at a high price. In other words, when selling the price goes up, when buying the price goes down, even though in the crypto world, ups and downs are common because bitcoin is very volatile, so if you rush too much, you will lose.

So, if you really invest in bitcoin, you don't need to rush and panic because bitcoin is an asset that can allow you to achieve financial freedom in the future as long as you are patient and hold it in the long term. The point is, you have to learn the crypto world so you can avoid panic and making decisions that are too hasty. So after knowing that the price of Bitcoin is very volatile and can change quickly, then to be successful in Bitcoin investment, you must control your emotions and stick to your investment strategy.

I do agree that holding good ones will make you money. There are some people who are holding some tokens that very few people heard, and they have high hopes about them, I know that's not a good thing and will not end well for people. I think we should be considering this as not a good move, we need to make sure that things are going good enough and we should not be worried about it.

I understand that it is not that great, and I understand that it looks like a tough deal but if you could just hold bitcoin, or eth, or even bnb, that would be a lot better during this period and could give you good income. All those other alts that look risky are not good enough to hold right now and I think we shouldn't really be looking at this all that terribly, it could do fine.