Quote from: newcollegestar on October 01, 2018, 09:57:46 AM

Quote from: bitcoinposts on September 13, 2018, 02:06:12 PM

One major point in trading is it is difficult to cut loss and control greed if we can attain peace in trading with minimum profits then we can expect good long-term profits

Cutting loss in trading is not a difficult thing to do as long as you know exactly what you are doing. The problem with people is that because they have no understanding of how to properly trade the market, they enter positions however they like, they have no single strategy to make a trade or a plan before even entering a position, it would always be a challenge for such an individual to even understand how they can stop loss or where they should be setting it in the first place.

Trading based on the feeling only, can give us a bad and unexpected result in the long run. It is better to have a steady guideline/plans that we will follow regularly. If we followed just our feeling, then we will become a trader gambler.