Quote from: TheUltraElite on April 03, 2019, 01:16:46 PM

Quote from: devinks on March 29, 2019, 03:32:15 PM

that is the most unfortunate thing because if a smart trader with small capital can make a big profit. so now we have to be smart in managing small capital to get great results

Thats absurd to think. A person can make a small capital into a huge capital although this would need a lot of luck and they can also lost a large capital easily. This market does not run by your commands. It runs on the demand and supply of coins and the psychology of the traders trading here. If you expect to get monstrous gains in one day then you are mistaken.

But then the amounts you can get in return can be huge here so dont be disheartened by small losses. Try to identify and rectify your mistakes so you dont repeat them and work on your basic knowledge of how the market works

It's harder than you think

We make mistakes when our emotions get out of control, so we will always be susceptible to this kind of mistakes, at least as long as we can feel emotions at all (read, always). To put it differently, our wrong trades are sort of hardwired in us as market plays against traders most of the time, which basically means everyone by default is heavily predisposed to end up with losses. No milk today, no milk ever

That's the reason why people in general and traders in particular are doomed to make the same mistakes again and again. The unpleasant truth is that we can't possibly resolve this issue directly, we can only find workarounds, more or less effective, to alleviate it to a certain degree. And understanding this is required if we want to deal with our inborn psychological shortcomings