Every business is profit-oriented, and whether you're selling livestock or cryptocurrency, you try to bend the forces of demand and supply to your benefit. However, overindulgence in reaping has been known to dent earning.
Cryptocurrency trading is just like life, generally speaking; it is dependent on timing and affirmative action. I often ask my self whether there's anything like "ethical profit". Logically speaking, profit should be able to account for the running cost of the business, the effort and then some extra for upkeep, in the long run.
There's nothing wrong with getting a little bit extra for your services because that was the whole plan in the first place. The issue is getting a bit extra on the extra, and that's what brings the ethical question. Is there anything like too much profit? That's a subjective matter, I guess.
The crypto market is as volatile as Gasoline in a pyrotechnic show. With the way the market fluctuates, one could be an overnight millionaire if your stars align, but you could also lose it all in the blink of an eye.
Unlike most people who had a bedding-in period with trading, I jumped straight into the deep end and was overwhelmed by all the red and green symbols. Forget candlesticks and patterns; the ledgers were horrible to look at. As expected, I incurred a few losses here and there, as every noob should. I remember the first time I earned $2 for my trade; I felt like I had just discovered a new planet, oh the sweet feeling of victory. The victory made sweeter by the fact that I thought myself the trade and my imaginations of the future excited me.
I learnt over time that trading is a skill, and it is one that you have to hone through numerous hours of practice. Crypto trading platforms like Binance have made life more comfortable, and those numbers seem a lot less complicated. I wouldn't advise anyone to dive in the deep end as I did but if you intend to, my advise is that you always stay patient, and always remember to take your profit, whenever the market moves in your favour.
