A tendency arises among us. When the value of Bitcoin increases a lot, we start trading more. Which puts our trade management in jeopardy, during which most of the time people face loss.
What is your experience in this field?
I have been into such a situation back when I started trading, its funny but for like 2 days I have been thinking about the past time when I was into trading like in 2021 maybe, I was totally newbie and had no knowledge at all, trading totally on the basis of luck and emotions, you might not believe but I was even trading just because in my view some coins was looking good only by looking at candle (I don't have the TA skills at that time) hehe. Well, I was playing with emotions and now I am going to say we should keep emotions aside if we want to make a profit from trading.
First make a good plan, manage your risk and profit ratio, don't take more risk then the profit you are going to make, if you think for some X trade the risk is lesser and profit could be more then definitely go for it, even if the profit is not that much but risk is lesser then still go for that trade. (personal view, beside DYOR).
PS: Try to control your emotions and learn the sentiments that markets brings for us. Controling emotions is not a difficult task until you have good knowledge of FA and TA.