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RE: It's always fun being right!

in #cryptocurrency7 years ago

One can tell people a million times that they should not confuse daytrading with investing.

Once one has bought a coin, one posesses it. And is an investor therefore. No stop needed, which is a must for a day trader if his entire money shall not be lost when the price goes into the wrong direction too much.

The investor has what he has and just needs to let the market do what it wants. The investor always sells high because there was no low price that forced him to sell low. The daytrader must sell low because of his stops, should the price get there.

People just need to get these 2 kinds of dealing with the market apart.
Actually they do not know the difference, thats why they sell something cheaper than they bought it.

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A good point, I agree with you.

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