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RE: The time and space to hope with a scarcity mindset

in LeoFinance3 years ago (edited)

Trading is very very very hard. Especially day trading. I've tried myself a few years ago and I lost money and my mood was always down, either because I lost in a trade or because I missed it, so I decided to quit. I realized soon it was 95% psychological and read a lot of books about it. Most of those readings have helped me later on in my everyday life.

Although I had a hard time trading, the investor/trader inside me never disappeared, and I enjoyed it when I discovered crypto and all the possibilities it opened to me. Of course, I don't day trade anymore, but I have invested, Hodled, and done some swing trading since 2017 which was when I entered this new arena.

As you mention, one of the greatest values of crypto is the number of options you have to earn it, besides directly purchasing it with fiat. There are new ones appearing every day. This is the beauty of it compared to traditional trading. You can create a portfolio starting with Hive just posting/curating/commenting and move from there, but even with a small amount of crypto, you can trade, farm, mine and invest in other cryptos, there are many additional "financial" options than what "regular" trading offers you but on top of that, there are additional ways to earn as doing some work for existing or starting projects which pay you with crypto.

Overall, once you enter the game it is probably impossible to get out of it, at least mentally, but the good part is that crypto world is growing bigger and bigger every day and every single experience you live in it, is a lesson to face the coming future and be more prepare it to live it.

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either because I lost in a trade or because I missed it,

It is a constant struggle because of this - as the "wins" are very short lived, especially when there are 50% price moves all over the place daily. I think I have to focus my tokens more, and then only track those.

You can create a portfolio starting with Hive just posting/curating/commenting and move from there, but even with a small amount of crypto, you can trade, farm, mine and invest in other cryptos

I have done this over the years as well as putting in my own resources when I can and I am surprised, even at these prices, how significant it is and could be. I have got a lot wrong - but I have also got a little right :)

I think that there are so many ways to earn now, that most people have no chance of hitting the all - thankfully. I always find it weird when a person is chasing every single little gain or token they can.