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.
Yes, I agree with you that having strong emotions is an obstacle to successful trading in the cryptocurrency market.
You will certainly make inadequate trading decisions. Therefore, it is advisable to trade with complete indifference to the result and fully concentrating on the trading process itself and on your trading strategy. Your goal should not be profit, but gaining new experience and self-development.
This is due to the fact that trading is more like poker than chess. In addition to your skills and abilities, luck is of great importance.
At the same time, it is not enough not to experience strong emotions when trading - you need to track the emotions of the majority of market participants, since this information can become the key to understanding price movements in the market.