Quote from: ocid on October 12, 2018, 04:01:00 PM

Quote from: oriontab on August 03, 2018, 06:49:24 PM

Here are some interesting facts about trading I stumbled across from CryptoCred which I think may be helpful
Common error to avoid when you day trade, I modified some to reflect my own opinion.

1. Revenge trading, trying to get back a trade that has been lost or chasing a trade.

2. Never using a Stop

3. Not having a plan (Risk/Entry/Exit/Stop)

4. Not sticking to your plan

5. Greed risking too much/not taking profit

6. Being too emotional about a trade.

Plug these equity drains & increase your odds of being profitable.
You could add to the list and make better trades

I think the 6th point is the most common mistake in trading activities, that is too emotional about trading. because in my opinion the most important trading activity is self-control which must be a benchmark because emotional attitudes will lead us to the wrong mindset.

You are right it is very important to hold our emotion being a trader and not to be so emotional, as it is good to hold when you see the price f bitcoin is down and it is getting bigger day by day so better to hold, it never happens as I never saw any crypto currency getting down forever, so wait when you see price of bitcoin is getting low and holding is the best way to reduce your risk and earn profit.