Quote from: Sled on February 05, 2021, 02:21:39 PM

Quote from: mr_ROBOTT on January 14, 2021, 04:41:55 PM

My advice to friends (based on experience)

6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose

You will be supposed not to lose if you are not doing this emotionally. What drives you into making bad decisions because we are sometimes been influenced by our emotions. But if we are in full control of this feeling, it is too far from the possible losses.
We need to be strong, we need to keep our mindset positive in order to stay proactive otherwise, that never gives an excuse to lose.

Letting your emotions take control of you is always a mistake when it comes to trading the markets, most the time this happens when people do not really have a strategy to guide them about what to do, they see the market crashing and they do not know what to do, they are confused because the market is not doing what they want and now they will have to face that mistake, do they admit that they made a mistake or do they keep holding their coins thinking that the market is going to turn around?

This is always a question that traders need to ask themselves when they make a mistake but if you have a system then you will get an answer immediately and you will follow it without involving your emotions, but if you do not have such system then you're going to let your emotions take control and most likely you're going to make yet another mistake.