Post
Topic
Board Trading Discussion
Re: Few Tips I learnt from trading that blew my account.
by
Strongkored
on 05/04/2022, 05:29:55 UTC
[1].Don't Chase the market:
There is always a next opportunity in the market,
If you miss this opportunity wait for next one.
waiting for a new opportunity to come is not easy as well as when you see an existing opportunity just disappear without having a trader take part in it, but yeah you're right don't force yourself to follow every opportunity that exists especially if you know the time is too late

[3].Don't predict the market ,react to current market situation.
This is what that cost me blew a lot of my trading capital. Always wait for trend direction and follow the trend , As they say... trend is your friend until it's finished.
follow the trend will only be profitable if you join it at the beginning not after it declines, for example memecoin if you enter the market at the beginning it will be very profitable but when join in middle or in the last period don't expect profit otherwise only become a long holder or do a cut loss if you don't like looking at assets keep dropping