Post
Topic
Board Trading Discussion
Re: Even After Years of Trading, I Still Bought the Top Today
by
SATWAT
on 01/09/2025, 20:35:58 UTC
I agree, traders who learn consistently and practice on demo acccount or paper trade they have learned all the tactics and they don't panic and get into FOMO because they remain calm due to the pressure they pratice to bear, when they get into trading with real money they panic and that's for sure but nothing wrong, this is their first time.

They learn to remain calm and understand this is how the cryptocurrency market is because other markts have their own ups and downs but crypto is like more volatile, and to make money here they had to understand charts with not too much complexity thought but the manipulation and volatility increase the risk.
Working on demo accounts or having paperwork has its own worth but practical trading always makes things perfect because with this any trader can gain experience which helps to increase skills in trading by controlling emotions and staying within strategy is a good thing as people often lose their patience which hurts them and increases losses.
Keeping an eye on the latest updates and having good interaction with current affairs is also an important part of trading because these things also have a good impact on trading usually people start panic selling due to rumors which are pretty dumb ideas especially for newbies.

Before entering into crypto trading having a good understanding of risk management also helps because Bitcoin and cryptocurrencies are highly volatile assets that can make you do the wrong thing.