Avoid FUD as a crypto trader.

in LeoFinance3 years ago

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I was browsing this platform when I saw a simple but lovely post created by @nathanmars where he talked about how we should HODL a crypto which we believe in, in his words he said

"If you can’t handle the 20% dump you don’t deserve the 2000% pump "

I totally agree with him , one of the reasons why some traders are not successful in the crypto market is because they quickly sell off their cryptos whenever they feel there is a bearish move on the crypto , they ar engaged in panic selling which makes them to sell off whenever they feel the crypto is bearish , they do not care if they will be at loss when they sell that crypto or not , they just want to sell it.

A trader that wants to be successful must always look at the crypto market from a long term view and they should not see crypto trading as a get rich quick scheme , this will make them to be able to avoid panic selling whenever there is a bearish move on the crypto market since they are more focused on the long term situation of the market and not only what is happening at the moment on the market..

Please avoid FUD if you want to be a successful crypto trader , you should also be careful of FOMO if you want to be a successful trader..

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The only time one should pay attention to FUDs is when one is holding shitcoins.

Posted Using LeoFinance Beta

Yeah I agree..

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