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[quote][i]Originally posted by SetH[/i] [quote][i]Originally posted by Ian[/i] I get all of that but its enough to put me off. I spent loads of time on Plus500, admittedly simulation mode but the currency stuff was (probably still is) interesting all through the Brexit vote build up and aftermath you could buy or sell GBP/EUR and the volatility was great, returns as you say two and three figure percentages. I read a lot about it - how the only decent money is in unstable markets - but I'd feel bad both ways around, if I lost a grand I'd be gutted but if I turned my grand in to five I'd also be gutted because with different timing I could have got ten. [/quote] Agree, I bought a few grands worth of shares the day after the referendum vote and later sold on for ok profits. Have not dipped back into traditional stocks since as don't know enough about them or have any contacts for buy/sell signals like I do in Crypto. The federal reserve can only keep printing money and artificially propping the market up for so long though. It's been a great run since the last financial crisis (although I expect some people were shaken out in the dip during december which was suspicious as fuck) but it can't go on forever. By that logic as the market has been in a long term uptrend it should not be overly difficult to make winning trades. Have you seen Tesla shares recently? There will always be losing trades in crypto for sure. I always use a tight stop loss, sometimes I get stopped out early which is frustrating but for the most part a tight SL has saved my arse when things have gone south. It does not really matter if you have many losing trades as long as they are small losses, risk managed by your stop losses. By trading the volatile outbreaks on BTC a few times a year big gains can be made that will make the several small loses mostly inconsequential. It is key not to over trade, especially if you are on a winning streak, it can quickly go south. Getting constantly stopped out as well can take it's toll on your profits. Some people trade without a SL due to the fact you could have a small dip that gently kisses your stop loss (activating it in the process), followed by a huge rise in the direction the trade was originally meant to go. Thereby not only have you not made any profit but you incurred a loss but deploying that very same risk management. If you are too risk adverse in Crypto I think the net result will = lose. I accept that crypto trading is probably closer to gambling in its current state but like i said with huge risk comes huge reward and never trade more then you can afford to lose. If BTC or any other crypto's reach mainstream adoption and become regulated then this volatility will disappear along with the risk/reward ratio. For people new to Crypto I cannot see the appeal of a whole BTC setting them back 11k right now. It was certainly worth a punt below 6k. I persuaded my mum to buy one at 5k 8 months ago, she has more then doubled her money just by sitting on it which decimates the performance of any of her savings, stocks and ISA's. I don't think the creator of BTC satoshi had BTC as a volatile trading asset on his white paper though :lol: [/quote]
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