Quote from: dbc23 on July 13, 2021, 03:26:07 PM

A successful trader isn't a trader who makes consistent profit without any loss but rather a trader who knows why his trade went the opposite direction and also a trader who understand risk management. Most traders makes massive profit in a single trade and blows everything down in the next trade as such there is no professional despite his initial achievements. To maintain clean records of both profit and loss margin reading as a trader is inevitable because despite the level of knowledge you might have acquired there must always be a newer technique you learn each time you seek to update your previous views about how the market behaves.

Yup you are hundred percent right about this. A trader has to be someone that is always updated on what’s happening in the market. If you’re not updated with what’s happening, then what you’re doing should be considered as gambling, because you’re just trying out your luck. Especially in a market like this where there is volatility, you should know what you’re doing.

I have seen people complain that technical analysis is not working out for them when it comes to trading cryptocurrency, ad because of that they feel that it’s worthless, which is not true. When trading cryptocurrency, we need to have a combination of technical analysis and fundamental analysis to go with. That way you will be ready for whatever is coming.