Post
Topic
Board Trading Discussion
Re: How To Overcome Losing Trade in Crypto
by
KingsDen
on 29/07/2023, 10:57:52 UTC
...
Trading is difficult because of it terms and conditions that a trader must keep or obey to be successful
These three below point are necessary for one's trading journey if you want to be a profitable trader.

1. Discipline
2 . Risk management and
3. Greed.


I will consider the three points listed above as necessary for anyone that want to be successful in day trading of cryptocurrency. Meanwhile, I feel that discipline and greed are almost the same thing, so they shouldn't be treated separately. If someone is disciplined enough in trading, they shouldn't be greedy.They should be able to know when to enter the market and when to exit.
Risk management is very important and not only in trading but in every espect of life.

But there is one thing you did not list above and that is knowing how to trade. You must know how to read the charts and listen to the fundamentals. You can understand that many newbies of these days does not know how to trade but they have been trading maybe after watching one or two YouTube videos.