Do you think to succeed in the bull market you need to acquire more strategy?
Do you think to succeed in the bull market you need to acquire more strategy?
Well like a question a neighbor asked me today because he knows I deal with bitcoin trading and to what relates with bitcoin. He asked that if he wants to make money from trading does he need several strategy to start up as a beginner?
Straight up answer:
I said no because like most post I do read here I have to understand that one doesn’t really needs to acquire several strategies as someone who is starting up instead needs to develop himself to understand more things about that trading before trying to explore different strategy to trade with. However, I don’t think it’s a solution to newbies rather a kind of distractions making them to lose more at the cause of trying to adopts more techniques to succeed.
What do you think, is that question okay as you know and have your knowledge towards trading?
That question is okay and there’s nothing wrong with that. I always encounter friends asking me about the same thing. If there are strategies that they need to learn for them to be a good trader. I’m telling them straightly that it takes time and they’ll have to experience losses for sure so that they will learn how to make up their own strategies or how they are going to approach trading. But, I am also telling them that there’s no need for them to copy what traders do, they can be a simple holder and investor that just keeps on accumulating until they’re ready to sell what they have accumulated.
It’s good if you’ve known several strategies in trading as you can compare which works the most for you, but using one or two could be good enough for a smart trader. The only way to be successful in the bull run is knowing how to play the game well, make sure that you enter trading with a good understanding and you know the rules when trading. Otherwise, if you rush into trading without proper knowledge and understanding, you will not only waste your time and effort, but you will also put your money into waste just because you trade without good preparation.