Mindset and Journey on crypto trading

For the past years since I got know about crypto, my main focus has been on the investment aspect like depositing, allowing it to grow then pull out. Also when I got know about the P2P started focusing more on that too.
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Trading hasn’t been in my strong suit, trust me have been running from it, not that it’s a bad thing but due to stories of people losing more than they are putting in, because people that have gotten to brief me about it always end it with “you will lose big and win big, sometimes losing will be more” so this always scare me, why because the present economy in Nigeria isn’t funny, I wonder how the average man is surviving due to high cost of food, inflation and other factors that aren’t pleasing. So you can imagine when you hear “lose big” when you still trying to hold on to the one you have to survive.

Earlier I talked with my advice partner @readthisplease, trust me when I say advice partner he’s always the person I run to for advice concerning anything investment and anything that involves money, trust me when I say this also I use him as an example because he has gone through a lot when it involves falling for Ponzi schemes and also gaining from the right source.. LOL 😂

So after a long talk he really advise me to check up on trading and suggested a website where I can actually read through and get to understand the concept of it before I even think of anything trading, I was reluctant at first and decide to give a try and from then I go to understand a little bit of it though some terms are still confusing.🤕

Some terms I got to learn where first was choosing the right approach and that they were two types of approach, the top-down and the bottom-up approach. Where top-down involves a trader focusing on economies and companies, analyzing and evaluating their gains (I think) still getting there, while the bottom-up involves individuals stock, analyzing and entry and exit points.

Then got to also know you will need strategies as a newbie, and then identify securities in the sense that not all stock can fit into every strategy you make, then also finding the right brokerage which means getting a good account to fit into your security, the important one which is tracking and monitoring of your trades (personally I think this takes a lot of time, don’t know just saying)🙄.

Well am still on my journey I hope not to give up because it has actually help a lot of people acquire their dreams and I hope to acquire mine to through crypto and trading because that’s what the world is all about now.

Thanks for reading and going through this journey with me, hope to learn more from here too.



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