Quote from: angaper on March 14, 2018, 11:46:31 PM

Quote from: pereira4 on February 15, 2018, 05:38:24 PM

$10k is broken and with this a lot of messages of people that sold at below $6000 trying to "cut their losses". Mostly because a lot of people was about to go bankrupt as their longs got liquidated. And with this, also came the super bears expecting $1000 a coin again, so they put really aggressive shorts, of course, only to get destroyed by the current recovery.

Lessons to learn for the noobs: Never panic sell, never margin trade, you can FOMO if you are here for the long term (5 to 10 years) since it doesn't matter if you bought at $20k or at $5k as BTC will be worth millions eventually.

There is no doubt that the psychological factor is still of vital relevance in the trading business, and it is very useful to separate those who will eventually achieve the success of those who are condemned to leave the business prematurely, with empty pockets. And that's the main reason why 95% of aspiring traders tend to fail in less than two years, because at the end of the day the markets exert a strange but cruel justice so that the money stays where it should be, and abandons who does not deserve it.

The money will be going to the most firm in mind, spirit, and emotions. This is a tough business and you need to be strong and not be a weak hand in order to gain profits in trading - especially in cryptocurrency trading.