Post
Topic
Board Trading Discussion
Re: Tips for good trading
by
ShowOff
on 18/02/2022, 02:32:31 UTC
This is one of the worst kind of emotion that I have seen for some traders. They still keep on spending their money eventhough they already have made big losses.Hoping that they can make a good amount and get their money back.

A professional trader never act like this because they know how to control their emotions.They know how to cut their losses when having a bad trade.
It makes more sense for traders to practice an accumulation strategy when a price correction occurs. I can safely say that it is safe to collect bitcoins during a correction because from experience it will be very profitable as the recovery progresses.

Accumulation can also be done on some potential altcoins but somehow I think the recovery will take longer compared to bitcoin. The accumulation strategy is not a form of greed in my opinion because it is a good strategy to accumulate more bitcoins/other assets during a correction to profit in the long term.