Post
Topic
Board Trading Discussion
Re: Beginners mentally about trading
by
Cryptmuster
on 25/02/2025, 09:40:30 UTC
Simply put - there is no need to force yourself to trade all the time if you believe there is some right time to start. I can give an example of the best time to trade and that is when the price of the asset you want to buy has corrected between 5% to 10%. You only need to buy the asset when the decline reaches 5% with a maximum of 50% of your total budget - meanwhile the other 50% is reserved, so you can buy again later if the price dump to 10%. If you do it like this - then you just need to wait for price recovery for some time, I'm sure your psychological pressure during trading can be minimized while waiting for the time to take profit.

So what's the problem - some traders are too eager to make profits all the time. They insist on trading every day - then they hope to make a profit. This is very unlikely to be achieved by every trader - even if there are some traders who manage to hold a consistent record for profits over time.

Day trading is very difficult, it requires constant attention and the trader gets emotionally tired, for beginners these are not obvious things, but at first it all happens on positive emotions because beginners believe that trading will start bringing them big money and it will change their life. But later they understand that trading is difficult and here you can lose more than earn if you do not have the knowledge for trading. Everything comes with experience, later they will be able to assess their strengths more realistically.