Quote from: KingsDen on Today at 07:16:08 PM

Quote from: Jaycoinz on October 09, 2023, 09:13:31 AM

One of the primary risks is financial loss.
The volatile nature of financial markets means that everyone suffers loss.

It makes that everyone suffers loss and it is also the bedrock of profits. Without volatility, no profits

I highly agree, volatility is the reason behind the loss and gain in profit but it is not the reason why trader suffer losses, the reason behind why traders suffer losses is the lack of knowledge and preparation and planning on trading.

Quote from: KingsDen on Today at 07:16:08 PM

Quote from: Jaycoinz on October 09, 2023, 09:13:31 AM

Irrational decision-making is another pitfall; fear and greed can lead to impulsive actions that erode capital.

Fear and feed is part of the cryptocurrency market and we cannot successfully deal without them. But a good trader will have to a way to deal with them.

I disagree that we cannot successfully deal with fear and greed, we might experience feer and greed but with self-control and the right knowledge, we can deal with these two.

Quote from: KingsDen on Today at 07:16:08 PM

Quote from: Jaycoinz on October 09, 2023, 09:13:31 AM

Overtrading, where traders make excessive trades, often results in losses

Too much of everything is bad. There should be a clear duration for trading. Whether you are winning or losing, have a time to close the tab.

True! But if the trading system we are doing is effective, we can just rinse and repeat until the strategy become ineffective.

Quote from: KingsDen on Today at 07:16:08 PM

Quote from: Jaycoinz on October 09, 2023, 09:13:31 AM

Lack of knowledge is yet another issue;

trading without a solid understanding of markets and strategies can be disastrous.

This is a suicidal mission. If you don't know how to trade, pls don't gamble it.

In everything we do, knowledge and understanding the core of it is required. Without them we might end up messing things up.