In this bear market lot of people were suffering about how to minimize their losses,for them trading is one good way to make daily profits and minimize your over all losses you made from the long bearish trend.SO these are the mistakes need to avoid when someone starts to day trading.
1.Don't trade based on your emotions,just concentrate on FOMO and FUD.
2.Only risk the amount which can be affordable for you or just don't enter into that trade.
3.Don't use the technical analysis more,its just a tool to predict but still there is no reason for it to happen cent percent.
4.Don't day tradeonly if you don't understand it.
More points about mistakes need to avoid are welcomed here for the newbie to learn.
1.Don't trade based on your emotions,just concentrate on FOMO and FUD.
2.Only risk the amount which can be affordable for you or just don't enter into that trade.
3.Don't use the technical analysis more,its just a tool to predict but still there is no reason for it to happen cent percent.
4.Don't day trade
More points about mistakes need to avoid are welcomed here for the newbie to learn.
Hi, this is my list about mistakes needed to be avoided
1. Only Invest What You Can Afford To Lose
2. Diversify: Never Put All Your Eggs In One Basket
3. Dont Try To Make Profit In Every Trade
4. Dont Be Too Greedy
5. Dont Have Fear Of Missing Out (FOMO)
6. Maximize Your Winning Trades
7. Always Learn From Your Trading Mistakes
8. Minimize Your Losses And Set Stop Losses
9. Reduce Emotions And Stay With Your Strategy
10. Sell The News And Buy The Rumors
Many traders agree that the hardest thing to become a winning trader isnt to maximize your winnings but rather to minimize your losses. This article will walk through ten Cryptocurrency Trading Tips and trading mistakes, one-by-one and how to avoid them. In this article, we ll go through Cryptocurrency Trading Tips on how to avoid the most common mistakes in cryptocurrency trading.
These are the basic mistakes we are doing in the trading, every time day trading will not work for us because market fluctuation will change continuously. So we have to act according to the market condition and fluctuation.