So Everybody like to talk about winning and profits.... But traders honestly how much You are losing? Daily weekly Monthly?
Im sure the Beginners lose coz of FOMO.
I lost more than half a bitcoin in just a single mistake in less than a few minutes on day a few weeks back.
I used to do margin trading on bitmex and it was just a usual day for me but on that day I was outside my house and didn't had access to internet and I had a few of my longs in place right before leaving the house. But when I got back in the evening I was shocked to see the price below my liquidation price and all my bitcoins earned from the past month were gone.
Recently, cryptocurrency users have expressed a negative opinion on Bitcoin trading. Perhaps traders began to make less profit due to the current situation in the cryptocurrency market. I am just starting to study trading, but it seems to me that I will use other cryptocurrencies for scalping, especially those that have a lower rating , the no bitcoin , but better rates for the day.
You can really switch up depending on what you are seeing in terms of market price movement.You cant just stick on one place even though you do see theres no opportunity to make money.
If btc isnt really that moving much then theres would be alts for you to spend time on.Loss is inevitable but important thing is that you should focus and end up on gains in the end of the day.