Post
Topic
Board Trading Discussion
Re: Few Tips I learnt from trading that blew my account.
by
perfect999
on 09/04/2022, 13:19:01 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.
What is being said above are accurate but the reality is only few people appreciate it like when there is a heavy dip, most of the reactions that we expect are the same, they hate it and they are worried but for the small percent of people they know that it was an opportunity. Most of us only knows one opportunity and that is if when the market is pumping.

In this market, we need a money to buy coins to trade, everyone knows this already but not all have the right knowledge to trade, this is what makes them a failure. What is worst is that they also use bigger amount of money to trade. They acted like they are not a newbie in this market.