I have been thinking and experimenting about trading for a few days and how it helps one to be a good investor. We personally make investment in all fields of our personal life practically. In all sectors, literally.
To be able to plan whether we will win or not in a good environment and then staking something, it could be time and money, any valuable assets or what has meaning and value to our world. It turns out that, we eventually win or lose in a bigger or smaller margin.
But the truth is, we all should be cautious in making any decision about investment. Specially in those areas where we could be losing value and money without any second chance. The financial life is true for the fact that, it never gives us the chance to turn back investment decision once again.
Risk is totally fate driven. That is to say, it doesn’t let one to predict and if it were predictable we would have been in a situation where risk would never do the damage that it does naturally..
Anyway, what I want to deliver as message here is that, do not be acting as a sure thing maker. That is to say, being wise is the most appropriate virtue we must possess here. Being able to look at the condition, and own worth is vital here for sustaining long term growth for any business you are undertaking.
I think digital currency or crypto is a realm where much of the focus should be on to carry out the wisdom of investing.If you are a beginner or novice, start very small with a cautious eye on whats happening around.
You could lose $50 out of $100 investment within a days time. If that happens,you will be in a no position to move out in the second stage of stacking. Momentum is of course a very important factor to grab, but make sure that successive losses one after another dont make you downcast with frustration.
It happens to be actually hurting one a lot. I have personally fell to that trap and then after a moments time realized that the good and appropriate strategy is to start small, the fairer the better.
2× profit would make us happy anyway, but the same as 2× losses definitely kill all our spirit momentarily. I dont wish that for me either and so do for others too.
In the end, I would say there are a lot of techniques one could follow or wish to execute in their personal approaches of investing. But what is more important than the other is the fact that, you should evaluate and emphasize on the factor of experience than any other thing.
If you could be successful in doing this, no bookish knowledge could replace what you learnt in these years of time.
