Many people try to trade and fail, this is because they are not serious about it and just want to hit a quick buck.
Those of us that do it full time have put in the work to learn a skillset that can make us money as long as the financial markets exist.
So those that complain they lost money and quit were nothing but gamblers in the first place.
To be a logical trader, you have to treat it like a business!
I'd agree with that. You also only lost money if you sold at a loss which can also be a smart play at times to actully SAVE money. Just needs to learn the game and be in it longer than a quick wild trade or two.
That's right! It's all about risk management. Heck I lost a bit on an options trade this week so I could cut the loss and ended up rolling into a better option that ended up yielding me double what I lost...
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Wonderfully said! I admire people who put their actions where their principles are, and I absolutely love seeing all that hard work and skill building pay off for them😊
!BBH
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It's much easier to just buy and hold, if you can be a little patient.
That's for lazy investors in my opinion. I make WAY more by trading than just sitting on something. Let me ask you this, if you had a grocery store, you would want to sell your products, right? Not let the expire on a shelf and throw away? Same thing... This is a business.
A lot of people thought Bitcoin was expiring in 2014 as the price crashed from $1200 to $200, but imagine if they just held on.
I think it depends on a lot on your time horizon. If you are one of the few who can profit well by trading short-term, then all the power to you! But I've seen a lot of people get wrecked doing that.
That's because they probably came at it like a get rich quick scheme and did stupid things to lose their money. If you treat it like a business, you can make money. Again, if you buy and hold something, how are you actually using it? It's just sitting there going up and down with price. I catch profits in those swings to make my income. As I said in the post, trading and long term investing are NOT the same thing.
It's a serious game if treated as such.
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They have 1/400 DOOK left to drop today.
Learn all about this shit in the toilet paper! 💩
@thelogicaldude! @pepetoken likes your content! so I just sent 1 BBH to your account on behalf of @pepetoken. (1/100)
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You can query your personal balance by
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