Post
Topic
Board Trading Discussion
Re: Common mistakes by unskilled traders
by
Adams0001
on 18/10/2023, 13:12:19 UTC
Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

Trading is not like an investment that you will leave for a long time, you need to get a plan and knowledge before putting your self into it, that is what some newbies did not understand they just want fast money and before you succeed in anything the first thing to do is to understand how the system and asking the professional how they do their trading to succeed because learning from others will help you perfect in trading, They did not relax since they saw people making money on it, despite the fact that all successful traders took the time to learn.

Many people who lose in trading have learned their mistakes, and I will advise newbies to start with small funds because putting money you can't afford to lose will bring you serious problems because trading brings huge profit and loss, and you can never predict when you'll be winning because even professionals lose in trading. Newbies should learn very well and ask questions with professionals because he will help them for too much failure.