Quote from: ShowOff on Today at 04:35:57 PM

I have a few other things that might be a failure factor for novice traders to get consistent profits.
1. Frequently choose altcoin at random to trade.
2. Buy when prices up or almost reached resistance levels.
3. Sell assets at low prices at the time of dump prices and buy other assets without analysis.
4. Panic sell
5. Placing unrealistic targets.
6. Do not have enough capital reserves.

I do not need to explain the description of the points I mentioned, because that is a mistake that will be faced by beginners. You probably already understand a lot about trading because I am sure you are not really a beginner here. By the way, when we discuss the factors that cause failure to achieve someone, then I think we also have to convey the right view of what they have to do to be right.

Maybe the top reason is 1,4 and...

Quote from: Angeloben on Today at 04:05:30 PM

❌ You blindly hope to recover

The blind hope of a rebound or Bullrun is something every trader has experienced at least once. That's why you will see repeated reminders in investment documents that, "What happened in the past is not an indicator of future price movements."

Indeed, there is a difference between technical analysis and staring at the screen and chanting "Bitcoin will reach 21,000" until that happens.

For a lot of newbies just picking a random token in the market without even doing research about the token, I guess a lot of newbies try this method since for some tutorial online they teaching users to pick a token to trade where they think the market is going to pump.

It's true that you're not going to lose money if you're not going to sell the token because you could hope that maybe in the future the market price could still increase and you could still gain a profit. But dead coins or shitcoins is a different story you could invest in that token and watch your investment fall for years, they are hopeless.