Quote from: Silberman on April 29, 2023, 05:54:59 PM

Quote from: Supreemo on April 09, 2023, 05:50:29 PM

Quote from: G_Besar on April 09, 2023, 03:46:27 PM

Quote from: Paul Pogba on April 08, 2023, 07:06:58 AM

The bitcoin price is of course a very important thing because it allows us to make a profit or loss, as long as we can be patient and hold on for the long term then we can get big profits, unfortunately most people are impatient so they miss the opportunity to get big profits.

Profit is something that no one can guess. Meanwhile, losses are something that is certain and cannot be denied, so you need patience to be able to get profits, even though it is also not certain that you will get it within a certain period of time. And because profit is something that cannot be reached precisely in terms of time, that is why everyone is highly recommended to use money that is not used on a daily basis when buying Bitcoin or when investing in Bitcoin.

there are people who couldn't swallow losses, and adding their unstable emotions they will end up having wrong decisions on trading. this is what I mostly see specially in new traders or investors. sometimes too they wanted to get fast profits which lead them to be more panicked whenever they see the market changes even a little coz they have accepted that they are risking money but they are prepared yet or their mentality isn't ready to imprint that there will be spikes on the prices and more often if you'd see.

This is a very common mistake which many traders make, even the experimented ones, there is no guarantee when we trade, every time we open a position we must acknowledge the fact that we can lose money, anyone that trades thinking they are never going to lose are going to end up disappointed when that is not the case, and even worse is that they will make movements that are mistaken and instead of cutting their losses short they will either hold too long or use leverage and increase their losses geometrically.

I totally agree, over confidence may negatively affect on Trader’s decisions and that could cause awful results. Furthermore, it is preferable to expect the unexpected events and scenarios even when you make good decisions ( from your perspective) Plus, accept the failure ( loss ) and learn from your own mistakes. The more you gain experience in trading, the less mistakes.
Moreover, you should adapt yourself in every new condition. At the beginning, read the market and then use a strategy that suits the current situation. , in fact, crypto trading requires knowledge, discipline and patience , these are the main keys to accomplish success.