Post
Topic
Board Trading Discussion
Re: How do I not lose money in trading cryptocurrency?
by
bitzizzix
on 16/08/2022, 04:36:02 UTC
-snip-
price predictions from time to time.This is why if someone do make out claims about that manner then its better not to believe because it cant just be possible.
Losing is part and its also one of the reasons on why someone do eventually learn because we do learn from errors and mistakes.
By making price predictions from time to time, it will certainly help make predictions more visible and where the market will go. because in just a few minutes when the market trend suddenly changes all the predictions made will change too. predictions will not be 100% accurate, there will definitely be errors.

Every trader has their own way of reading where the market is going so for those who claim that some ways will work, it's not necessarily and it's uncertain.
Mistakes will provide experience to be corrected in the future, as a trader must be able to adapt in every condition.
Predictions are not always correct because in my opinion bitcoin is difficult to predict because up and down movements occur due to several factors that make our predictions not always correct, being a trader is not easy and really requires enough experience to learn and remember so as not to make the same mistakes. And it also takes full time to do it and for me being a trader must really do it like a job or a routine activity for good results.
Then prepare mentally, are you ready to accept losses?
what you think about is not just profit, after seeing other people who have made big profits. But the risks must be watched out for, and those with big profits must have tasted the bitterness of being a trader, it takes a strong mentality and patience when losses come.
so the mentality in trading is needed and also not easy to give up, most traders easily give up when their mentality is tested.