This is a good warning to those who think they might be able to get rich by day-trading or occasional trading. I've traded plenty of both stocks and forex, and can honestly say that it's very tricky, very difficult, and not very lucrative.
The best strategy is buy and hold. Along with holding long-term, you can also do what is called "dollar-cost averaging."
That simply means that you buy a certain every week, or every month. For example, if you buy $100 worth of bitcoins every week for a year, the fluctuations in the price will have less effect on how much bitcoin you have at the end of the year. If you wait until the end of the year, when you have $5200 saved up, you will have missed out on the cheaper bitcoin over the previous 52 weeks.
Conversely, if you buy $100 every week and the price goes down, you end up getting bitcoin at lower and lower prices. And the chances are (particularly with cryptos these days) that the price will soon rebound.
To summarize, STOP day trading. START dollar-cost averaging.
Full Steem Ahead.
Thanks for the comment
I dollar cost average in both stocks and crypto but trade neither
I do sell a lot of put options on a monthly basis. Some may consider this trading, I don’t, as mostly I sell them and they expire worthless a few weeks later - but I do occasionally need to roll them out and/or down
Cheers