Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.
Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?
I got my first trading lesson when I participated in the purchase of EOS tokens (in the summer of 2017).
I bought the tokens at $0.85 and then the price went up to $6 within three days. It was a huge stroke of luck for a beginner in cryptography.
However, I was not able to sell my tokens in time and take profits, because I had a poor understanding of how the Bitfinex cryptocurrency exchange works. Meanwhile, such a high price for the token did not last long. Very soon, the price of the EOS token dropped to $2....
This was the first lesson I learned as a cryptocurrency trader - there are always opportunities to make big profits in the crypto industry, but you need to prepare in advance so as not to miss your chance at such moments!