I would like to give some advice, especially to those who are new to the market. Whoever there is a pump in the market, you think you should invest in Bitcoin and Altcoins and you may benefit from it. But after your investment, the market goes down, and you think you are losing money, so you sell everything, again when you see the market go up you invest. This may you to get hurt again and again and again. So whenever you have to invest, invest a small portion of your portfolio. Never trade on emotions calculate well and then invest in it, also the type of people who lose in trading the et are the ones who"
- panic
- Doubt
- Hurry
- Fomo
- Angry
- worried
A major key for a trader is your enemy is always his emotions.
I just want to clarify a little bit OP, When we say emotions, it's quite a broad matter, to be honest. Why did I say? Because the feeling of fear, doubt, anger, and worry are part of our emotions or human nature.
All that is needed is to use our emotions correctly without affecting our assets. Just like we need to be calm enough to think properly and correctly about what to do.
OP thinks about the factor of emotions that affects his trades, meaning he can't control his emotions, like if there is hype, he will then jump in, or when he loses, he will always think negatively and end up losing or selling his assets. When it comes to calmness, for sure we are calm while we plan out a trade, but sometimes because we are very eager to trigger that trade, we missed those confirmation signals that would make our trades go on our own way and that is why we lose.