Don’t trade on another person’s conviction | Crypto Craft

  • Don’t trade on another person’s conviction

    From blog.hycmlab.com

    Trading is like an individual sport. This is not your football team scenario where you are working together with others to get the decisive goal. You step onto the squash court as an individual, or onto the golf course on your own – you win, or lose, on your own decisions as the match or round progresses. So, you need to trade on your own convictions. This helps avoid hesitation at the crucial moment – you know why you are trading. This is, of course, most difficult when you are learning. You haven’t had the time and experience to really develop your own convictions. So, of course, seek out the advice of ... (full story)

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BTCmailman
Sep 1, 2021 10:06am
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“A man must believe in himself and his judgment if he expects to make a living at this game. That is why I don’t believe in tips. If I buy stocks on Smith’s tip I must sell those same stocks on Smith’s tip. I am depending on him. Suppose Smith is away on a holiday when the selling time comes around? No, sir, nobody can make big money on what someone else tells him to do."
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