Quote from: Jwest on April 17, 2023, 01:05:29 PM

Quote from: King GK on March 03, 2023, 07:53:44 AM

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.

Adding to this:

Trading with doubts and greed makes the market go against us most times.
After your analysis, and you decide to place a trade, but with the price movement, you start developing doubt against your own analysis, most times can also lead to loss

From my experience, trading and wanting to get higher profit than the profit you've set for that trade, might give you a loss result. Which might be very difficult for one to handle emotionally. Set your goal and eliminate greed your your trades.

This is a nice one,you just mentioned the types of people that loss money while trading.Some person's are so anxious about the fact that they' spent money on trading,and therefore,the money must return back in double fold,and when it looks like the trade won't turn out to be the way they expected,it will either cause them high blood pressure or it might give them emotional trauma which is very dangerous for their health.Another thing you failed to tell newbies is the fact some persons rush while trading to make their first trade without making a good research and analysis of the market,to know whether it will bring out good result or not.