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RE: STEEMIT CRYPTO ACADEMY CHALLENGE S7W3 - UNDERSTANDING CRYPTO TRADING
GET OTHER ASSETS TO TRADE TOO
Some people would argue that it’s better to trade just one asset pair till you master it however, mastering a pair isn’t always as easy as it’s imagined.
Now here’s what trading just one asset pair can do to a trader on his journey to mastery. The sunk cost effect….this will definitely set in at some point when the trader feels he has invested too much time on the asset to give it up and therefore keeps on shoveling funds into a furnace to that effect.
It’s advisable to always have options in the case of cryptocurrency trading. Nice publication here