Post
Topic
Board Trading Discussion
Re: Experience of failure and success can help us control the emotions.
by
NicNacCoin
on 10/04/2023, 22:35:35 UTC
In trading the number one enemy is our self emotions, many trader loss because they can't control thier emotions and it really affects thier decision making and sometimes it will become a reason for the big loss, in crypto we cannot be free from different emotions because everytime market condition is changing and it is really a high volatility market, i think experienced had a very big role on decision making, is this a reason why most of the newbie loss is it because they don't have enough of experience?
People lose the most on crypto trading platforms trading on emotion. Second: They lose the most due to greed. Although emotional, when a person trades and makes some profit in the first instance, a lot of greed is awakened in him. That greed makes trading more long-term. As a result, they lost a lot later. So I would say those who trade should never trade with passion and greed. Success in trading can only be achieved if these two things can be excluded.