The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
I think there is something wrong in your mind, even the market was unstable, it doesn't mean We/You aren't able to get profit daily. That's wrong actually, instead this could be a chance for us to practice day trade as long as you know what you are doing in the midst of the actual trade in the actual platform.
It will be all about users if he is good at day trading he can make profit out of it and if he is not good then he can lose, so if a person gets into something he must have good knowledge and information about it, otherwise it is good to trade for long term I am sure it can give profit without lose and it is successful trading, i am trying to learn trading skills to avoid failures.