When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?
In trading we can't maintain a perfect strategy it will change according to the market condition.yes it is like gambling but not completely here we need to have skills as well to become successful.And then don't be too greedy accept that what you made from your investment and look further for the future trades.
This is so important for every trader to make its strategy flexible. Many times we dont know the coming prices and plans of bitcoin. Although you have covered every possible left right with good risk management but still things are laws doubtful for you. So better is to work and construct a strategy that can be flexible and move accordingly. Things can divert from designated path.