Quote from: sana54210 on Today at 05:23:23 AM

Quote from: KupaCrypto on December 25, 2023, 05:57:30 PM

Quote from: GreatArkansas on August 15, 2023, 01:09:12 AM

This is a common mistake of new traders. They intend to lose money because they don't have 1 final decision everytime.
Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price.
Some don't have stop loss and they are hoping their entry will recover.

This comes down to greed , and you can also look at it as risking everything, most times they don't intend to loose the trade, they take the bold step of not including stop loss because they are aiming for something bigger and huge,

I once open a trade without the stop loss, I was ready to loose everything in that account, and I had a set target of winning, the trade went perfectly as planned and I made profits , so in this case I risked everything to profit something.

I think that's the risky thing, some people think that it's good to risk everything and if you get it once then you think you may get it again, and that causes some trouble. I am not saying that it is going to be all that easy, we just need to focus on something that will change in the end. I get that we are talking about something that should not be a big deal, we just need to consider that as an option.

You look like you are someone who is aware of the risks, but not everyone is like that. If some newbie had the same thing, they may think that it is going to end up with something much larger, like they may think that they are going to end up with a win each time and make mistakes, so we should consider that as a big risk.

Thinking up to be balance and dont make yourself that impulsive on which i could say that this would really be the best approach if we do speak about dealing up with trading on which this is something that really needs up for someone to be that versatile in talks or terms of ways and methods and the decisions that you are making. You cant really just that make yourself having that kind of gambler like kind of behavior because it would really be messing up your overall trading career if you do really keep on pushing things on which we know that it isnt really that something that you could really just let things to happen.
Trading is never been easy and never be something that could really be able to succeed yourself.

You would really be passing up tons of challenges and things on which you would really be needing to learn for you to have a good grasps on everything. This is why for you to be able to
survive then you should really know on how to make adjustments if things turns out to be messy.