Why people suck (at trading & investing) by gogreenbuddy

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hive-167922 · @gogreenbuddy · Apr 30 '21 (edited)

$25.40

Why people suck (at trading & investing)

![abuse2826041_1920.jpg](https://images.hive.blog/DQme8We2CZNSS7Nvx6SpZA2zoofm2Qh62qNm8Ce9Pg4Sup2/abuse-2826041_1920.jpg)

So hope I got your attention with a catchy clickbait title. It stays true people suck in trading for many reasons and especially in the crypto environment.
Trading isn't a natural skill but with some basic discipline, you can improve big time.

There 3 things you can do:

- **You have no position**(you didn't complete your research/trade plan or the price is somewhere in the middle between a buy and a sell in your opinion.) This is a good and underrated position. See liquidity (free money) as bullets for opportunities. A good example is the first days/weeks of https://cubdefi.com. You would make a lot of money if your cash/coins were ready to ''go''. A very big problem with novice traders is that they always want all money invested that same day :D

- **You have a position** if you are in this stage it means you have done your research and you can answers the questions below with ease in roughly this order:

1. What do I want to buy?
1. Why do I want to buy it?
1. Do I know how many coins, shares, cap, inflation, richlist, etc there are?
1. Who owns this company/coin or who develops it?
1. Are you convinced it will outperform other investment opportunities?
1. Did I make a technical analysis to find a decent entry price or am I currently in a FOMO stage?
1. At which price is it a good investment, what will I do when the price drops, when do I take profit?
1. How much time can I miss this money, do I need this in a month or a year?

**The 3rd position is to stay a dumbass**

Go buy Doge, watch screamy youtube videos about investors, pad yourself when you become a millionaire because all other dumbasses also buy doge.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@gogreenbuddy/why-people-suck-at-trading-and-investing)

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@chasmic-cosm · Apr 30 '21

The 3rd position is way too common at the moment!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@chasmic-cosm/re-gogreenbuddy-6fdmkn)

👍 gogreenbuddy

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@gogreenbuddy · Apr 30 '21

I'm wondering how many read it and decided to buy doge 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@gogreenbuddy/re-chasmic-cosm-4r3gbs)

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@greencross · Apr 30 '21

This post is gold. Short but gold. Thanks a lot!.

For the third position we are opening Ape Anonymous, where people can come and talk about their bad investments.


Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@greencross/re-gogreenbuddy-zqabf)

👍 gogreenbuddy

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@gogreenbuddy · Apr 30 '21

Thanks I think you can fill a tribe with bad investments stories :D

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@gogreenbuddy/re-greencross-2j1bke)

👍 greencross

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@greencross · Apr 30 '21

That's probably what we will do :D

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@greencross/re-gogreenbuddy-ldbkm)

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@hetty-rowan · Apr 30 '21

$0.03

After reading this ... there's only one question that comes to my mind. To which category do you belong? 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hetty-rowan/re-gogreenbuddy-fqqpz)

👍 dustsweeper, gogreenbuddy

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@gogreenbuddy · Apr 30 '21

I carefully plan but tend to be too stubborn in hodling stocks/ crypto. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@gogreenbuddy/re-hetty-rowan-6wmz6b)

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@greencross · Apr 30 '21

I feel less guilty now


Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@greencross/re-gogreenbuddy-32a99j)

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