These are few challenges faced when I newly got into trading, which I think I should share so people who are new traders should know.
[2]. Always be patient with your trading set ups:
Sometime it takes you up to a week or more for a trading set ups to get complete before executing a trade.
Secondly, sometimes it's good to wait for your stop lose and take profits to get triggered and don't close them yourself out of fear.
This point most important on trading bitcoin or altcoin, some time have trader not patient waiting with price drastically drop for buy back several altcoin, they not really understand with risk when keep buy altcoin on higher price actually after reaching all time high price. Last week my friend not patient waiting with Zil coin price drop to buy and keep try buy on higher price about $0.2 and now price drastically drop until $0.1 and almost loss 50% and keep holding until now.
basically psychology becomes the most important in determining trading success. there will be many problems that will be faced or a problem that we repeat ourselves because we often make the same mistakes. that is why our mindset and our mentality are of utmost importance, because even with great strategies that may be the same as those used by famous people, but if our mentality is still problematic then it will be useless. therefore creating a framework and running it according to plan is the first step to forming trading intuition