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RE: ADSactly on ADSACTLY - Part #40 - Cryptocurrency Trading General Advice

in #adsactly7 years ago

I traded stocks on a daily bases before, I had learned the hard way and it cost me a lot of money. It was a good lesson. Understand risk. Human behavior plays a huge role in investment success, and success in general. Humans tend to feel comfortable when they feel part of something, rather than being the lone wolf standing away from the crowd. It’s that group behavior that feeds into the frenzy of “before it’s too late” syndrome. The bottom line is that there are safe investments and risky investments. One is not better than another, but you should focus on how much you hold in each, which is dependent on two factors: your time horizon and your ability to put your head on the pillow at night. Crypto trading would not allow me to sleep at night instead I’d rather buy crypto and hold.