Post
Topic
Board Trading Discussion
Re: Why do traders lose money in trading?
by
Catenaccio
on 19/07/2024, 10:44:22 UTC
This is how you stay winning as a trader but many individuals think that they have to stay with their winning strategy with a token and not to change their style with the market.
There is no strategy that works forever in trading and traders will lose money with winning strategies in their belief if they won't care of risk management and capital management well.

When market changes trend, a winning strategy can turn to be a bad one and lack of proper risk management, a trader will face with very bad trading result.

Quote
Every bull market has a new trending tokens that you can trade and make profits from. If you do not forget about the old tokens and still believing that they're going to give your profits, you'll miss out and the old tokens can't give you profits like the new tokens that will be loud and in the news all the time. The biggest cryptocurrency profits come from tokens that are trending and not those tokens that nobody knows about.
Tokens are created by trends are not good to be trusted in their quality, security, applicable ideas for their projects and dedication of their teams on developing the projects with time.

I avoid to spend money to trending tokens because I see this risk and don't want to let my greed and money goes to these possible soon-to-die projects.