Quote from: 1win on Today at 09:14:08 PM

Quote from: livingfree on Today at 09:03:30 PM

Quote from: nurilham on February 10, 2022, 11:52:31 PM

Most people fail at trading because they panic about the crypto market that is going up and down and end up selling it at a low price.

That's so true.

When the starters get in, they're impatient enough to sell those coins that they hold. As the market pumps, they're all happy and waiting to see more of the pump.

But when it starts to dump, that's not making them comfortable and they're all ending up selling even they don't want to because they're being triggered emotionally. It happened to me many times before.

I totally agree with above mentioned point of view. It is better not to follow collective trends on market because it might cause wrong decisions. Never forget about volatility and cyclicity of the market. And I think it is good idea to trade with 10% of your income not to lose everything and leave your children in hunger. By the way I got such understanding that only few percent of traders (whales) earn trading in crypto industry. It is essential. But everybody should be aware of risks

It's better to have that amount or percentage of your income to use in trading is the one that you really afford to lose.

We always have to remember that trading isn't stable in terms of results. We may win big today but tomorrow is going to be the worst day ever in our trading career.

You just have to be moderate and don't be too assertive.