I know alot of people won't read the whole post, but I'll make it anyways. I hate to tell you but everyone is wrong, everyone on feed is wrong, I can be wrong too.
I'm once again posting on feed/square because of the conflicting and malicious post I see everytime I randomly scroll on Binance.
Alot of the info like "HOW TO BE A PROFITABLE TRADER!!!" and signals are all either text generated by CGPT or just guessing where the market will go because no matter how good you are at trading or any analytics, humans are emotional and emotions make us bias and biasness leads us to wrong and sub-optimal decisions.
I won't lie tho, I'm also wrong sometimes. I understand when I trade perps I might lose money, so I don't make signals or ideas, but if you question me about why I opened this position I can tell you 100% why I believe XYZ will go up or down, just ask.
Another misleading thing I see people post on feed is investing vs trading. For the love of god, investing is not trading or the other way around. Investing is generally long term gain lower risk, trading is short term gain and much higher risk. Drill this into your head, you'll need to understand it to be in this market.
More misleading stuff I see are how XYZ Trader turned 10$ to 30 mill with this one trade. Yes, the hook sounds good and yes 10$ to 30 mil is good. But let's be real, the market is a zero sum game and in a scenario where someone did 10$ to 30 mil cannot be recreated in 99.99999% of the time. If it was possible to recreate it even 2% of the time why bother learning or even better why are exchanges still open?
A contiuation of the paragraph above, usually they aren't trading large, mid, or even small cap alt coins, they're trading micro cap alt coin (shitcoins) and yes this can make you alot of money very fast but the risk you take for this is so insanely high, you might as well just donate your money to charity. For context, I've traded these before and yeah earn big cool, but for every win I lost 9 times, so I basically just paid gas and won nothing.
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