Post
Topic
Board Trading Discussion
Re: Never Trade on Emotions
by
tjtonmoy
on 17/03/2023, 12:07:19 UTC
A major key for a trader is your enemy is always his emotions.

This is why everyone will always say, don't invest what you can't afford to lose. If you can make up your mind that what you are investing won't affect your regular life, then there will be significantly less emotion involved. No strings attached. But when it comes to money (one's investment assets), it is difficult to avoid getting emotional over losses.
Quote
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.
This is a common problem among newbie who doesn't have proper knowledge about the market movements. I wouldn't tell someone like this to go straight for the trade, as they lack in the main section. If you are not able to do your analysis and take action according to that, then you are not fit for it. Learn first, then apply your knowledge to your advantage.