Post
Topic
Board Trading Discussion
Re: Common mistakes by unskilled traders
by
bayu7adi
on 22/10/2023, 17:33:05 UTC
You're right.  A lot of them just want to start trading and make profits without learning the basics. This accounts for the unnecessary losses. If they do not take break and re-strategize , they will keep making same costly mistakes over and over again.  It takes commitment and discipline to trade effectively.
Typically, individuals embark on their learning journey after experiencing their initial losses. Those who enter the realm of crypto with the intention of profiting are sure to endeavor self-improvement when they make their first mistakes. Improvement indeed demands time, and it becomes expedited, particularly for newcomers, when they have the guidance of an expert or mentor who imparts knowledge about crypto. Self-directed learning is undeniably challenging and will take considerably longer, especially for those who are new to the crypto world.

As for discipline, it is also an essential element. Every trader must possess strong discipline, as it is one of the key factors for enduring in the crypto space.