I know this may sound somehow impossible for some, but really, to be successful in trading, you need to have the mind of a machine. Now, you cannot have this if you do not have a strategy and you cannot have a strategy if you do not take your time to learn.
Let me explain myself better, for instance, when using trading robots, you input your strategy, and they do it better because there is no emotion attached to it, except that they just do exactly what they are programmed to do. You cannot do well without a strategy and you cannot do well too when you keep changing strategies over and over again.
Learn, get a strategy, build on it, and then trade it like a pro. It is imperative that you get to see trading as a profession, which would always make you to see yourself having to let your strategy play out than letting your emotions rule you, which I believe most new traders are guilty of.
What makes you even better than a machine is the fact that you can think, you can fine tune your strategy with experience you keep gaining over time, but when it comes to never letting your emotions come before your strategy, you need to be like a trading machine.
You have a good open mind concerning cryptocurrencies trading and after reading this post I strongly believe that, if you are going to succeed as a traders, is up to you and if you are going to fail is within your mind. If you have develop your strategy and your have confidence in yourself and strategies? there is no way you will not place the confidential orders and even if you lose you will know that it is normal to lose
Yeah, a really good opened mind to cryptocurrency trading considering that for someone to be able to do well and even be an emotionless trading you need to have that, and also make sure you have been able to learn as much as you can first. It is actually normal since the approach of most people to trading normally is always in the form of gambling.
No knowledge, no strategy, no plan and all they do is want to buy low and sell high, while thinking that is all it would take to be able to get better with trading, which is why they always get all emotional when reality kicks in. Learn, practice, build on yourself to gain some confidence through consistent practice, and you will see yourself executing your strategies like a machine.