Ask Leo : Can the strategy used to invest be a determining factor of making profit or loss in the crypto industry?
Many things can be said to be a a determining factor of whether you make profit or loss in the crypto industry but one of the things that can be a determining factor is the strategy used in approaching your investment.
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To some people they might say its not a determining factor but to me I think it is because experts in the crypto field all have a strategy they use in approaching how they invest and if its really not a determining factor, then why do they always have to follow their strategy to avoid loss.
The use of a strategy after making a lot of research and being learned about the ways of crypto will literarily make you a professional crypto investors because you have acquired more knowledge and know-how than just an average person and this is the edge you have against losing and you will definitely make more profit than to be at loss because you have acquired knowledge on what to do and what not to do at a certain point in time.
While someone that does not even have a strategy will always run at loss because he/she did not put in the hardwork to know more about how the crypto system works and this literarily will lead to loss of crypto assets which is frowned upon by all investors in the crypto industry.
While trying to research and know more about crypto you tend to have a strategy you use without even knowing because your knowledge has enlightened you about how things are done and then you do them unintentionally and you still make profits from them easily, all you need is the right strategy and you will be on your way to making massive profits, what you only need to up your game is to research always and have more knowledge about the crypto world.
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Certainly having a strategy in any field of life is important, and this is just as valid and necessary for the financial field and especially when we talk about the crypto market. Being even more emphatic, every self-respecting trader and investor must have a strategy to be successful in the markets and to succeed in their profession.
And in this sense, it is more important to have a strategy (even if it is not as complete or efficient as it should be), than not to have any, because a strategy is fine-tuned as you go along, and that is something that all traders and investors know and do very well in the market. Because whoever does not have a strategy does not know exactly where he wants to go, and therefore, the safest thing he will have is to lose all his financial capital. That's how important it is to have a strategy in the markets and apply it with discipline.
Brief, although excellent and interesting, post. Thanks for sharing. Greetings.
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Yea,Having a strategy is important in any field of business, because without it the person is very vulnerable to loss
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