Quote from: Wakate on August 03, 2021, 09:03:03 PM

I have had of a crypto traders that lost all his funds in one day because of market volatility. This happens frequently and I think there is need to recall where the cause could be from.

But of course, that's highly possible. I hear of newbie traders who rush to margin trading, and some of them even do it with high leverage. Why won't they lose. They hear of what profit other traders (experienced ones) make from margin trading and think it's that easy. They rush in and are expectedly scourged. For such traders I don't have any sympathy. They allowed their vaulting ambition of trying to hit it big overpower them. Trading isn't a get rich quick thing. It takes time and patience to nurture success in trading. I don't even have to overemphasize that.

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I usually ask myself questions whenever I have consecutive loses in trading, trying to know where I'm getting it wrong. This had helped me many times to get more trading knowledge that had improved my entire trading.

That's the right attitude when one begins to incur losses in trades. Take a break and reflect on your trading plans instead of stubbornly trying to take revenge on the market. The market will always remain the master and will easily beat anyone at it any given time. As traders, we should always learn to listen to the market.