Crypto analyst ionicXBT advises his substantial social media following against treating crypto trading as a job.
The analyst argues that the mindset for crypto trading needs a shift, cautioning its pitfalls if it remains the same.
He emphasizes the importance of treating trading as a business, where success is contingent on effect.
âIf you come into trading with this same mindset, you are WRONG,â he stated.
Mindset For Crypto Trading Must Change, According to Analyst
In a post on X (formerly Twitter), crypto analyst ionicXBT explained to his followers why they should change their mindset when it comes to trading crypto, warning that it should not be viewed as a job.
âHereâs why: Trading is a Business. When trading, you donât get paid for time. You get paid for: â Trading decisions you make â The actions and processes you follow â How well you manage your risk â How well you maintain emotional
He advices his followers, âinstead of spending more time trading, spend more time polishing the above aspects.â
Moreover, he emphasizes that there is no overtime pay or salary involved, indicating that the responsibility to profit or incur losses rests solely on the investor.
