Post
Topic
Board Trading Discussion
Re: Mistakes newbie makes in trading resulting to losses
by
shesheboy
on 23/03/2019, 02:03:42 UTC
In simple terms, in my opinion, if we want to succeed in trading, how do we make decisions, whether it's the decision to choose coins and also the decision to buy and sell, we can get them if we can control ourselves or not be easily panicked
Panic is an emotional problem that is difficult to control. Beginner traders have a great opportunity to panic and get caught up in trading emotions. yes..this can be trained by continually trying to trade and be patient. this is the hardest part for traders
I don't think so. In my opnion, the hardest part for traders is to identify when to enter and exit. This is very crucial part because in just a wrong decision, it can result to losses and more patience to wait it to rebounce or decline.

Enter if if the market is in dip so that you can accumulate more coins in a bargain price and sell if the market pumps   . there is no need to exit imediately especially if you are doing a good job  . 

only exit you think that your trading skills is not yet enough in which you experience more losses than winnings  .

i agree on the guys above that emotion or self control is the biggest hindrance that can sap our gains but that is normal imo because we are only humans , we are not perfect    .