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.
In trading, you must think of the possibility that you will lose income and prepare your self when it comes. Trading is all about taking the risk of your money and your self. If you want to trade it is better if you have initial investment if you are a newbie in trading to know how does the transaction works, and how you will earn income by just trading for a small amout. There is a short term trading and long term trading, in short term trading you are just trading daily to get income but it does not gives a large income, next is the long term trading that you will invest your money and holds the coin for a long term and wait for the right time that the price goes up, in my last trade I already lost a twenty dollars because of the price of the bitcoin goes down and to make sure that my money is life I already pull out to avoid lose of money.