Post
Topic
Board Trading Discussion
Merits 2 from 1 user
Re: 7 Things to Know to Become a Successful Crypto Trader
by
Sanugarid
on 15/12/2019, 18:30:31 UTC
⭐ Merited by Shimmiry (2)

5) Losses are a part of the process
Traders and investors trading in crypto including the novice traders need to know like in any business ROI in crypto trading doesn’t come easy. It's important to remember that losing helps your learn, make changes in the strategy and improve your chances for better results. There is never enough research for finding the right strategy, you should keep working at it and try working on new strategies regularly to cope up in every market condition

This part is what makes traders mentality down and in this part our emotions are tested, whether to continue trading until become an experts or stop when it faces lose.
This process is very important to support the continuation of our careers as traders.

Thanks for sharing anyway.

Do you mean FOUNDATION of the experiences that we need to face as a crypto trader? That's what every people should have, foundations about something for them to aim higher and build higher.

As you experience losses, that's the time you will think more of what will you do next in order to prevent those losses next time. As you use your critically thinking skills in crypto trading, you'll keep yourself away from losses which is good.

It means you're learning from something that makes you a better trader. Losses are part of the process that you should adopt and make your own way to overcome it.