Buy and Sell in economics and financial
terms is called as trading. And we are very familiar with it.
I have been talking to a lot of industry experts about trading and trying to
understand their idea about trading.
While speaking to them i often ask a common
question to them, ‘What is your experience when working with people? And what
differentiates between you and other people?’
To my surprise most have answered the same
way that through their experience people want to become rich fast like
overnight. I agree all love money and
all want to be rich but to get there what requires is a lot of discipline and
patience along with some hard and smart work. Earning money completely depends
on how you work.
What differentiates between others and good
traders are that others just randomly buy and sell. What they lack is knowledge
and a systematic pattern to follow.
To give an example – I person purchased a house for $100,000 and sold it for
$50,000. Do you think he did a smart job?? Do you think he will earn good
profit by trading in such a manner?
Another example of a person who purchased a house for $100,000 and sold it in 6
months for $100,010. This again do you feel is a good profit that this person
has earned? Now you are wondering why have I given such examples..
To summarize it shortly, This is the
mistake which often people do.
They want to double and triple their invest
in just a matter of 6 months. Bitcoin is at that position right now because it
has been in the market since a very long time. Like-wise it not advisable to
sell your crypto coins at lower price, it is foolishness rather buy it when it
is a low price. Crypto currency is a digital asset, the more you have the
better for you. In trading it will just
take an hour for you to lose everything if you don’t trade properly. So be
wise, trade wisely and remember not to sell coins at lower price when you can
sell it for higher later.
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