Quote from: Raindez316 on January 30, 2018, 04:37:23 AM

Quote from: Asoss.io on January 29, 2018, 11:35:46 PM

Top reasons that leads to fail in trading

Being emotional. It's hard to control your emotions especially once prices go down and you see all your money go down the drain. The panic seller's attempts to cut losses has only hurt them more in the process and makes them end up losing even more. Unfortunately, FOMO takes over and this is what kills the newbie traders. Using your emotions will probaly lead you to lose everything..

Drifting through the wind. chasing the ones that are already pumping, which is very risky. You bought when the price is still high then price dropped and you are holding a bag of expensive coin.

Don't put all your eggs in one basket. Diversity. Diversify your investments so if one falls, other investment may help you to recover.

For best in the trading field you need these 5 things to be added in your check list, as all these five things are pillars of success here in the trading.
1) Solid Trading Strategy
2) Trade Plan
3) Money Management Skills
4) Reasons for Entries and exits.
5) Journal, News

P.s
I have quote some people words from my last topic

In additional, people who depends on the suggestion of other people also tend to fail in trading. Those people who are lazy to study the coins never do research and rely only to the forum comments. They also victimize by hyping the coins.

In the world of trading, you do need to take the suggestions from others but you need to make the final decision by your own mind and choosing that option which seems the best possible option to you. One of the main reason that leads to the failure is the loss of control over your emotions at tough times. Trading is a game of holding your nerves and if you failed to do so, you will end up suffering some loss and nothing else.