Trading Isn't for Everyone and that's ok.

in #bitcoin7 years ago (edited)

I used to day trade Internet stocks during the dot com bubble 1998-2000. I did a few million dollars of trading in 1999 and at the end of the day, I made a miniscule profit. I learned that trading wasn't for me. I bought and left some stocks and didn't pay attention. In 2004/2005, I decided to buy a few stocks in companies where I used the products.

I bought my first Apple Mac Mini and loved the whole experience that I bought Apple stock. From there on, I invested (mostly) in things where I understood and loved the product. The point I'm trying to make, mostly to folks just joining the crypto party, is that trading is not easy and it's not for everyone.

It's easy to get enamored by the intellectual aspect of doing technical analysis or how exciting it is to build up a position, track it and then exit. Sometimes for a profit.

There's nothing wrong with being a fundamental investor in crypto (or the stock market) OR parking your money with a really good trader with a solid (verifiable) track record.

All this talk of alts getting rekt just reminded me of the dot com bust and thought I could share a few things that may be helpful to some of you.

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