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I just can't do at times without counting my loss when it come to crypto and investment, they always say it is a good things to take risk and according to them, you get to learn or gain from it. Before I join the crypto moves back in the days, I really had no knowledge about investing and risking all, all I do is savings because I love seeing my money intact, most times I use the olden days saving mode using a piggy bank or save box but there is no interest gain and most times I will just to there to pick my money anytime I need it, I get to learn the word finance and investment after making a lot of research about cryptocurrency since we view it as an alternative ways of neglecting the 9-5 normal job routine and also I get to know there are diverse way of earning in the crypto space.
First of all I went in with the trading part, trading crypto's wasn't that easy and this time around I'm not talking about the spot trading where you have to just hold the token after buying and wait for it to pamp (as we use to call it), I'm talking about the burning aspect where your money can go for vanishing if the trade go against you and that is the future aspect of crypto which is also like forex trading. It really took me a lot of time before I could figure it out especially the Technical Analysis aspect which contain the chart reading and all, couldn't learn it on my own and I had to pay for some classes and after studying it, I decided to trade, just like they use to say, we win some and lose some, most times we lose more than we win especially when trading with little funds, imagine trading with 100$ and you are expecting to have wins like someone trading with 10k$, stop dreaming. Along the line I figure out the major reason why most people do get more loss on their trade is because they want higher percentage while trading with less fund, in a normal market, a trader with huge capital will enter a trade after all the necessary setup and will be using RR of 3:1 where that 3 might just be around 5-10% which is easy to get and that profit might be around 4-5k$ but someone with lower feel will always want to get 20:1 RR which is outrageous and before you know it, the trade will move as you predicted but along the line go against you since you are expecting more profit.
I could also remember when I decided to ape into some certain crypto games during the last bull run 2years ago, when ever the bull show up, there are always projects which do show up and back then I invested in some couple of games which worth a lot back then, games like axie infinity where we were to get 3 axie pets which cost 200$ each back then, the hype was much and look promising then until things turn around when the gaming mechanics change with different rules which sent away lot of players and most had to sold out and now the game is like dust, I joined thetan arena too which was a shooting game and built on Bsc chain I think, we get to buy some couple of stuff too and I didn't even cashout till it became impossible to take anything out and it is now dust too, just can't go on and on but risking is really interesting but who knows there it might turn positive and you will surely gain a lot but today isn't about gain, we can always count out loss too.
This is my entry to day 11 May inleo prompt, to participate you can read the announcement post here
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