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For fuck's sake. Decide if you are a trader or an investor.

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by COINS NEWS 155 Views

I don't know why people don't understand this but being an investor is very different from being a trader.

You are a trader if:

  1. If you are after quick profit.

  2. You want to cash in on your investment by selling at a pre-determined price.

  3. You are constantly looking for promising buying opportunities.

  4. You love the thrill of a volatile market.

You are an investor if you are:

1.looking for long term profit.

  1. Don't want to spend much time/energy following price movements.

  2. Want to sleep well at night.

  3. Willing to leave your money in one place for a long time.

Now if you are an investor, you should be ready to wait for the next bull run. So stop bitching about the prices and move on.

If you are a trader then you should have minimized your losses at the start of the bear cycle. If you didn't, then you clearly are not good at what you are doing.

If you are a trader you should try using the hype around coins and sell without being too greedy.

If you are an investor just ignore the hype! You want something with long term prospect.

Just decide what you want to be and stick to it.

Edit: it seems I have to write another piece about "why you can't be both" soon. Half of what people say in comments about being both a trader and investor are actually still being only one of them. My understanding is most people here are short term investors. At least according to more than 300 comments I have read so far. And we have very very few actual traders in here.

Regards Vve

submitted by /u/Successful_Craft3076
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