Quote from: Nhebu on July 25, 2019, 11:20:46 AM

Quote from: arpon11 on July 20, 2019, 07:42:46 AM

I have been in forex and stock market for more than 10 years and I have learned a lot of things and I am trying to unlearn many things in other to focus on the one that works. Many people do keep a trading journal but I have never done that. I only write done my trading plan and strategies. In 2017, I came into cryptocurrency trading and tried to abandon the forex and stock trading and though there look similar I see some differences in stability and volatility. Cryptocurrency is volatile and in a few minutes, you can lose all your capital or miss a great opportunity. the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.

Don't trade with your emotions. If you will be lose by the emotions you are feeling then it could not be a profitable in your trades. Let us execute our trades using our set of plan and if it goes wrong, we should not blame ourselves. Because many people, even pro traders are losing money because of the market condition.

I have learned to control my emotions and be patient when trading. Because trading itself is very risky having a market price that changes from time to time so traders should keep on monitoring the price charts so they won't go wrong. And controlling my greed is one thing that helps me too to make more profits than losing the other way.