Jug
Elder Lister
Leo investors wamekipatapata, kahasho kanatoka. @Denis Young leta mawaitha coins gani fiti kununua na ii slump
Crypto
- Thread starter Jug
- Start date
Denis Young
Elder Lister
This is nothing. Zile siku za Bitcoin kushuka from $20000 to $5000 ndio watu walilia vizuri. My advice is simple, stack the coins with sound projects behind them. Always view these dumps as buying opportunities.
1. What is your risk management plan?
2. What is your strategy?
3. What is the edge in your strategy? Have you backtested it with enough data e.g years??
If you can't answer the above questions, you are among the 95% of traders that lose money in the long term. You are gambling. The 5% who make money consistently don't gamble. They can answer the above three questions in a minute, have traded for years, are mostly Phds and mathematicians, and have analysis tools you can only dream of. There is no free lunch.
These are the guys you are competing against. You can beat them in the short term out of sheer luck, but as you place more trades, luck will run out and you will lose money to them.
2. What is your strategy?
3. What is the edge in your strategy? Have you backtested it with enough data e.g years??
If you can't answer the above questions, you are among the 95% of traders that lose money in the long term. You are gambling. The 5% who make money consistently don't gamble. They can answer the above three questions in a minute, have traded for years, are mostly Phds and mathematicians, and have analysis tools you can only dream of. There is no free lunch.
These are the guys you are competing against. You can beat them in the short term out of sheer luck, but as you place more trades, luck will run out and you will lose money to them.
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Huwezi learn trading na one weekend. It will take you YEARS of training and experience. Hii sio kama driving buana. It is a profession like medicine, architecture, etc.Educate us chief. Weka links for learning this stuff. I'm free this weekend. Mwezi iko corner, hakuna pesa ya phombe.
Soma hesabu za probabilities kwanza. Halafu usome how a casino makes money. This guy below explains it well. You will get the general idea of how trading works.
Seek education online. Watch hiyo video hapo juu to understand the general idea.