Quote from: Ziskinberg on May 24, 2021, 01:42:15 PM

Quote from: bitzizzix on May 22, 2021, 02:46:48 PM

One of the most common mistakes people make when trading is giving up when you have a loss.
and this often happens among beginners if they experience a loss, usually their emotional state will be greatly affected.
don't give up because everything starts from failure that will make you smarter and more mastered, and learn not to involve emotions, such as fear or FOMO and always give plan B, choosing a trusted trading platform and so on that you must master as a condition after failure .

That is because they really don't understand how is the life of being a crypto trader. Because they often think that trading is very easy, they can make good money, believing about instant millionaire? These quitters are absolute no how about trading and they are not afraid to quit as they don't care about it.

A lot of people like these, not only for newcomers but also those who have been in crypto already. And if we have noticed, many traders will come during the bullish season as they can surely make a profit this time but to wonder why they will gone once the bullish season is over.

I also experienced losses in my trading journey as a newbie but I never back out and never lose interest in it, I always check my mistakes to know what was wrong with the trades, most importantly I started my trading journey with the amount of money I can afford to lose, I tried spot and margin ( cross and isolated) before finally sticking with cross margin which I believed has a reasonable risk to reward ratio having studied all the types of trades, while trading with binance, a lot of newbies traders intent was just to get rich quickly thus trades with high leverage and get rekt.