Post
Topic
Board Trading Discussion
Re: What every new trader should be focused on
by
qwertyup23
on 25/09/2021, 23:32:06 UTC
I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.

It is essential to point out that every trader should always expect that profit is not always something that comes along the way. It is relatively difficult to trade cryptocurrencies due to their extreme volatility that could either make or break your trading profit within hours or days. Before trading, lower your expectation about profit and avoid being too ambitious.

Another thing, in trading, experience is what separates a trader from an expert trader. That is why, gain as much experience as you need by starting low. Lastly, once you see a profit, avoid being too greedy and cash them out as soon as you see a profit.