So hope I got your attention with a catchy clickbait title. It stays true people suck in trading for many reasons and especially in the crypto environment.
Trading isn't a natural skill but with some basic discipline, you can improve big time.
There 3 things you can do:
- You have no position(you didn't complete your research/trade plan or the price is somewhere in the middle between a buy and a sell in your opinion.) This is a good and underrated position. See liquidity (free money) as bullets for opportunities. A good example is the first days/weeks of https://cubdefi.com. You would make a lot of money if your cash/coins were ready to ''go''. A very big problem with novice traders is that they always want all money invested that same day :D
- You have a position if you are in this stage it means you have done your research and you can answers the questions below with ease in roughly this order:
- What do I want to buy?
- Why do I want to buy it?
- Do I know how many coins, shares, cap, inflation, richlist, etc there are?
- Who owns this company/coin or who develops it?
- Are you convinced it will outperform other investment opportunities?
- Did I make a technical analysis to find a decent entry price or am I currently in a FOMO stage?
- At which price is it a good investment, what will I do when the price drops, when do I take profit?
- How much time can I miss this money, do I need this in a month or a year?
The 3rd position is to stay a dumbass
Go buy Doge, watch screamy youtube videos about investors, pad yourself when you become a millionaire because all other dumbasses also buy doge.
Posted Using LeoFinance Beta
After reading this ... there's only one question that comes to my mind. To which category do you belong?
Posted Using LeoFinance Beta
I carefully plan but tend to be too stubborn in hodling stocks/ crypto.
Posted Using LeoFinance Beta
I feel less guilty now
Posted Using LeoFinance Beta
This post is gold. Short but gold. Thanks a lot!.
For the third position we are opening Ape Anonymous, where people can come and talk about their bad investments.
Posted Using LeoFinance Beta
Thanks I think you can fill a tribe with bad investments stories :D
Posted Using LeoFinance Beta
That's probably what we will do :D
Posted Using LeoFinance Beta
The 3rd position is way too common at the moment!
Posted Using LeoFinance Beta
I'm wondering how many read it and decided to buy doge
Posted Using LeoFinance Beta