Post
Topic
Board Trading Discussion
Re: Few Tips I learnt from trading that blew my account.
by
wxa7115
on 08/04/2022, 17:16:19 UTC
There is always a next opportunity. This should be the watch word of a successful trader. Every candle stick is an opportunity. Every dip is an opportunity, every bull is an opportunity.
The FOMO is a very dangerous. It has made many coins dump on me and tidy I would have made x500 of the coins assuming they didn't dump on me. When you hit your daily target, exit and what for another opportunity. There must be another opportunity.
However there is a caveat, every single movement in the markets big or small is an opportunity but only if you have the knowledge and the money to exploit it.

If you do not have one of those key components then there is nothing you can do to profit from the markets, as without money you cannot trade and without the knowledge you cannot know the most likely outcome which may come to happen next in those same markets, so it is important to always keep this in mind, especially since newbies have the tendency to trade the markets without any knowledge about them and that is why they lose so often and their losses are so massive as well.