Post
Topic
Board Trading Discussion
Re: BUY high sell low ?
by
teamcryptonator
on 23/11/2017, 20:52:52 UTC
Emotions emotions emotions! Impossible to get rid of them... maximum you can do is to learn to control them. Sometime I make the same mistake even though i'm not a novice trader. But i'm still working on myself Cheesy

My advice (what's working for me).... write your set of trading rules on a piece of paper and stick it somewhere in front of you!!! Sounds stupid, but works. At a minimum you should three things.
1. where you will fix your profit (i'd say the profit potential should be at least twice as big as the loss you are willing to tolerate).
2. where you will fix your loss (do not less losses run).
3. reason for entering a trade (make sure the reason is not an emotional factor).

... and stick to your piece of paper!!!
When you have experience more than one year then this emotion kind of thing don’t bother investor and still you are new that’s why you are facing these panicking problem and soon as you will become more confident this habit will leave you just stick to your strategy and have faith in bitcoin that it will not let you down and all the dreams will come true and try to buy at low and sell at high this will give you more profit.
It is a hard habit to give up, if it is easy, no one is loser and there is no trader has profits or loss, haha. By the bad skills, other traders can be better than newbie or those who can not keep calm and patient to earn profits.