Quote from: Sayeds56 on November 09, 2021, 10:11:04 PM

Quote from: jrrsparkles on August 04, 2021, 01:46:00 PM

Investors lose money because they enters and exit the market at wrong time, poor financial management and also lack of proper knowledge related to assets they are all investing.

True. Entry and Exit at right time is very important for success of any trade otherwise you will continue losing in trading, you nmight win in one or two trades but that happens by chance or by luck. As a matter of fact Trading is ba wonderful Profession and it requires good knowledge of market Fundamentals, skills to read and understand Technical Indicators to make entry and exit at right time as well as awareness Money and Risk management.

Investors often lose money because they don't set up a plan before they enter the market. I think in every step we make in crypto market, there should be a plan so we can be more guided and focused to achieve our main goal. Although we can say that we entered in a bearish season and start accumulating coins, but the fact that we are taken for granted when will be the best time to exit, then it will still create losses in the end. So if you want to be successful either from investing or trading crypto, at least you should have a concrete plan and if the market suddenly turn sideways, you should have prepared another back up too.