It is not easy to make money and start losing the money all because you need extra income from trading. The fact is that most traders are losing. If you do not want to lose in trading in 2025, you need to have these four trading strategic plans.
1. Do not be in haste. That is the reason people think of day trading and lose
2. Having it in mind that it is better to earn little than to lose big all because you want to earn big
3. Average instead of martingale. An example of this is if you have $1000 for trading, you can begin with $200 and always be satisfied with the profit. But it you are losing, you can add $200 to it and so on to help you increase the chance of making money as it will make the market price get near to the price you bought the coin.
4. Be careful of altcoins. Although I trade altcoins but I use very lower amount of money for it. They are very dangerous.
There are others like knowing how to read charts, read and interpret news into your analyses and speculations, know about indicators. But which are the basics and I do not need to mention them as I believe you know them already.
You are really correct as i thought. Trading isn’t an easy way of earning where you come and exit with profit. It is so tough way of earning. I want to add one more to your list which is mostly similar with your thinking which is control our mind. If you can't control your emotions you may loose a big amount. I think this is the most reason to loose trader on trading. When they are on profit they try to increase it more and loose all of these. On the other hand when in loss try to martiangle and continuously loose the amount. So we need to control our mind to earn a good amount from trading. You need to control tour greediness it helps you to earn much. However at the end i wanna say you need to update always on the market to get success from trading.