Cryotp Trading is not a Hassle free business, this is very risky business for new people, and nobody can make good amount from crypto currency without any Risk. On the First time i invest a little amount on a Coin now i already make 10x from my investment.
That is right. Cryptocurrency is very volatile which is why this is a very risky investment. Risk Management is the key. In short-term trading, Please be mindful in putting stop loss to avoid getting wrecked. This practice was not followed by many, mostly newbies. Cut loss if necessary when things didn’t go as predicted, then find a good entry.
^ The only reason why newbies or beginners are being trapped becoming traders who FOMO, impulsive trading, and selling loss is because of the people who consider trading as gambling, and they are very much influential most of the time and they can influence the news that trading works that way. If you are gonna browse, you see successful traders wanna be with the pictures of their trading platform on their old laptop, looking fancy and professional. But in reality, they don’t learn from others. They are very much egoistic and just wanted to look cool and smart and the cycle keeps on rolling.
Social media is their only basis and that why newbies are being trapped on top because they didn't analyze the market and they have no risk management at all, they are just keep taking risk without any assessment of the possible outcome. Crypto trading is very risky, we must have the proper knowledge about trading, always have a target price and cut loss price so by this you can manage the risk that you can take, and you can get out of the market before it dump again. Newbies are the common victim of this, they are losing money at an instant.