Final Words
The crypto market is highly unstable, that it why it is important that traders only invest what he can afford to lose. So the next time as you are about to click that “buy” button, stop and ask yourself:
"If this trades doesn't go as planned, will I still be able to sleep at night?"
If the answer is yes, then you can go ahead. But if the answer is no, then it best not to make that trade or investment.
When a trader reaches a stage that they ask themselves whether a trade is worth taking or not because of the financial loss they might face from it means that they can’t afford to lose that money they’re going to risk in that trade. It is important that traders ask themselves this simple question especially if they’re still upcoming traders looking to expand their trading skills and reach profitability stage.
If you cannot trade without having the fear of losing that money, then you still have some tasks to work on yourself because your emotions will always come to play and stop you from achieving your goals. Trading is more elaborated than it’s been depicted, not until you start to actively trade you’ll come across most of them and make yourself better by tackling all those obstacles that stand a stumbling block to your success in trading.