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I will say it again
After your first Bitcoin bull run, you should be smart enough and know this.
It is pretty simple,
But you only learn this after you lose your first cycle.
Most new people havenโt lost yet, so they will make these mistakes.
Be smart and learn.
Here are the things you should know for long-term success as a trader:
(Number 5 is the most important)
1. Crypto is not Gambling:
People who don't trade or understand trading often compare trading to gambling.
On a neurochemical level, gambling and day trading are not much different.
However, experienced traders know that trading isn't gambling,
But instead a 'game' of strategy, analysis, statistics, probability, and risk management.
2. Trading is a Business:
Trading is a business and incurs expenses, losses, taxes, uncertainty, stress, and risk.
As a trader, you are a business owner, and you strategise to maximise your business's potential.
3. Only Trading Provides Freedom:
Trading is the only business that doesn't require you to interact with or rely on other people.
In trading, you are the only person responsible for your outcome.
4. Don't Get Caught Up in the Noise:
When you begin to hear everybody on social media talking about a certain crypto coin you're already too late.
Ignore the noise.
Only trade the charts as everything else is a distraction.
5. Risk Only What You Can Afford to Lose:
The money in your trading account should be expendable.
The money in your trading account should not be allocated for,
Uni fees, bills, mortgage, or anything that will influence your quality of life.
Losing money is traumatic enough.
Even more so if it should have never been risked in the first place.
Look this is what you need to realise.
This should haunt you every night.
You started Crypto 4 years ago and time really does fly!
You are still broke and nearly are going to miss this cycle.
I've seen people stupider than you getting extremely rich,
Just because they paid attention and took action.
Take action and follow me now before it's too late.
#BullRun #BitEagleNews
After your first Bitcoin bull run, you should be smart enough and know this.
It is pretty simple,
But you only learn this after you lose your first cycle.
Most new people havenโt lost yet, so they will make these mistakes.
Be smart and learn.
Here are the things you should know for long-term success as a trader:
(Number 5 is the most important)
1. Crypto is not Gambling:
People who don't trade or understand trading often compare trading to gambling.
On a neurochemical level, gambling and day trading are not much different.
However, experienced traders know that trading isn't gambling,
But instead a 'game' of strategy, analysis, statistics, probability, and risk management.
2. Trading is a Business:
Trading is a business and incurs expenses, losses, taxes, uncertainty, stress, and risk.
As a trader, you are a business owner, and you strategise to maximise your business's potential.
3. Only Trading Provides Freedom:
Trading is the only business that doesn't require you to interact with or rely on other people.
In trading, you are the only person responsible for your outcome.
4. Don't Get Caught Up in the Noise:
When you begin to hear everybody on social media talking about a certain crypto coin you're already too late.
Ignore the noise.
Only trade the charts as everything else is a distraction.
5. Risk Only What You Can Afford to Lose:
The money in your trading account should be expendable.
The money in your trading account should not be allocated for,
Uni fees, bills, mortgage, or anything that will influence your quality of life.
Losing money is traumatic enough.
Even more so if it should have never been risked in the first place.
Look this is what you need to realise.
This should haunt you every night.
You started Crypto 4 years ago and time really does fly!
You are still broke and nearly are going to miss this cycle.
I've seen people stupider than you getting extremely rich,
Just because they paid attention and took action.
Take action and follow me now before it's too late.
#BullRun #BitEagleNews
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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