Post
Topic
Board Trading Discussion
Re: How To Overcome Losing Trade in Crypto
by
carlisle1
on 28/07/2023, 21:57:32 UTC
It is not going to be something you should care about, but that doesn't mean that you are not going to be able to change anything anytime soon. I believe that we are going to end up with a good change eventually, just not something too radical.
However, the trader needs patience as well. Most new traders think the movement will change their lives and want to make a profit within an hour or a day. That's why leverage tokens exist, and people use them. Of course, holding Bitcoin for a long time is a good idea than ever, But it's not really trading. Day traders like to buy instant and sell on the same day to make money.

If someone doesn't know enough about the market movement or Bitcoin or crypto, they should not buy any crypto before they understand how it works. Not even Bitcoin. Else, they will end up keeping their Bitcoin in an exchange which I don't support as well.
Trading is not like we usually think if we are patient, it goes well. That would help but it was not the only thing that matters a lot, it is also how we strategies and make effective strategies based on the marker condition. Whether we like it or not, there is no perfect trade that ever happens, sometimes we lose and sometimes we earn. But if it all goes to losing more, there is a big problem with that and must be corrected or else, we can no longer expect a profit anymore.
That is one needs to get knowledge on analyzing the market because you can only win more if you really know what to do when faced with opportunity presented by the market.

The deeper the knowledge you have, the better chances of winning with your position into trading, more on anticipation
that back up of your knowledge in every situation.

Same with your argument, you will be able to justify your decision as the anticipation that may happen will be in your favor
always have that time to keep studying and observing how to find that good timing.

It's always an advantage when you know how to read the potentials and react in a careful manner to achieve success.