Post
Topic
Board Trading Discussion
Re: I am doomed on trading
by
stadus
on 11/02/2022, 21:34:11 UTC
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.
This is most common to all newbies as they have less experiences in trading that made them trade with emotions rather than controlling it. And as expected, traders with less experiences are doomed to fail in trading. With OP, never focused in trading as your main source of income. Its always risky to rely much in trading especially if you are still not inclined to it. You can trade but as your side income. You have to look for a day job that will help you to survive along with your child, and the income is consistent and fixed.