I met someone who spoke bitterly against cryptotrading, he spoke of how he had a fortune in his trading account that disappeared completely in one night, he spoke of how he fell into depression and sickness soon followed because of overthinking of how to pick up and get back up on his feet financially. Now he is a strong advocate against anything trading crypto, how sad and dissapointing.
I didn't want to go through the rigor of trying to preach the message of crypto and share my testimonials from my little successful trades because our meeting was short lived as we were in transit, but the big question that i kept asking myself afterwards was -
"How many persons loose in a trade, and then go back to find out why they lost, and the mistakes they made?"
(I am bringing this topic here to point out amd encourage everyone that needs encouragement, that it is always best to find out the reason behind every loss we make in trading. It might not be easy, but try not to fall into depression suddenly, go back and find out the excesses and mistakes in your analysis in preparation for the BIG WIN, it is not easy, but you can do it)
All must have experienced a loss or loss of a certain amount of capital or even all of their capital. Both trade and investment. We must be prepared to lose with what you have traded. How we fail, may not be counted later, because we may experience failure again. Even a professional might fail too. For how much we rise and learn from the mistakes we have experienced, it all depends on ourselves, how willing we are to get up and learn from these failures. So that later you will not experience the same failure in the future.
And about someone you meet. Usually the mistake lies in how we manage our assets on the coin. Sometimes we hold it for too long because we hope the price will continue to rise. This is a trait that harms a trader. Continued to expect profit, even though he had already reached the desired target, but his greed destroyed everything. Too longing for big profits and finally burnt, too ambitious to chase targets, but he was experiencing a lot of losses. Experiencing losses and losses make us eager to return our lost money. However, this will actually make us unable to think clearly, especially when there will be additional losses. If you feel that your mind is confused, stop for a moment to trade, calm down first, and if you are in prime condition, you can continue again.