Post
Topic
Board Altcoin Discussion
Re: The right mindset needed for all traders
by
retnoanjani
on 09/06/2020, 23:56:08 UTC
Trading is a prediction game, predicting the price volatility of cryptocurrencies is quite difficult compared to stocks because no matter how good the fundamentals of the project are, prices will always follow the evolution of prices. Bitcoin, this should be ready by the traders, it will be of great help to them especially if they really want to succeed in trading.
No matter how good we do the analysis of various aspects, including fundamentally and technically, it could be missed from the movement that occurred. That is a risk factor. Cryptocurrency is filled with surprises and unpredictability. Technical matters like this must be balanced with psychological and mental health. When psychological factors have been influenced by the opinions of others, for example, FOMO, hype, etc. will certainly affect the analysis. Confidence in trading is also very important. Mental readiness to deal with losses must also be prepared.