Post
Topic
Board Trading Discussion
Re: advice for a beginner
by
khiholangkang
on 09/09/2024, 14:04:10 UTC
Its normal to lose in crypto especially since you are just starting out .You still have a learn to learn just focused on learning more also try and have a good risk to reward issue to avoid blowing up your account .

I agree. No rush, concentration intact, and you will gain experience step by step. And use only what you can afford to spend. No emotions behind it, otherwise, it will end badly.
You know in trading whenever funds is applied one becomes emotionally unstable because there is money value that attached to it and it's one thing we can't actually shy away is emotions. Lot of people have advised not to include emotions but have they think that one hand earned money is there, but is not easy to control except there is no monetary value attached to the trading where someone can use only demo to trade at then there will be no much emotion to be attached.
Little or a lot of money we use on trading, it will have an emotional impact on us, but if we are used to the emotional atmosphere and learn to control it, it can be tried, don't be too naive not to use emotions or avoid yourself, just make it flow like you live in trading, if you are used to your trading atmosphere will be much calmer both for your mind and heart.

Because one of the factors that emotions often fluctuate is because we are not used to and have little knowledge, so the fear of anxiety and greed will encompass us which can make the wrong position decisions.