Quote from: Questat on April 02, 2024, 01:15:15 PM

Quote from: KupaCrypto on April 01, 2024, 11:14:47 PM

Op it's not about doing all this, it first comes down to knowing how to trade, when to trade, how to take profit and the last one don't be overshadowed by greed,
Most persons are just overshadowed by greed of making huge money from just a single trade, trading is risky, so therefore risk management should also be put to consideration, so with proper analysis a trade is supposed to go smoothly except it goes otherwise, so during trades alot of factors are involved and put into consideration.

Perhaps, these things are very usual to happen for all traders. But with the influence of our greed, everything will change and even forget the things we need to do in order to succeed because what is in our mind is to chase winnings even if the situation is not good anymore. Losing control our of emotions and greed will simply lead us to nothing and the more chances we fail instead of reaching our goal. This may not often happen to old traders but this really happens to newbies who think that trading is just too easy and an easy money game.

It is very important that before we start to trade, we already know our position and must understand the volatility of the market. And of course, must not underestimate trading because every single mistake, it incurs losses as well.

Of course, trading is certainly hard and risky most especially for beginner traders. And as long as you never follow the rules and guidelines in trading, you will always be at risk from losing. This is very common to newbie traders as they set their own rules in trading, probably because of what they often heard from YouTubers that trading is like this or like that.