It true that it's never advisable to sell at loss but that's for people trading with the plan of long term buying and holding.If one must sell in profits then leverage trades are not for them as it might liquidate the fellows funds entirely that's why stop loss is important. But some new bies would always want to get involved cause of the profits they see online from exparts which isn't healthy.
All what we are delibrating is just how we can cut our loses though loses is part of the game.

Yes it is true that most trades do pull back and maybe hits our sl before actually playing out.
  If a suspicious chart pattern or candle stick forms that you are not comfortable with along the process and you feel the trade might go against you the best way is to set trailing stops on the trade. But what favours me most is by leaving the trade to either hit sl or tp. It just requires patience.
Cause most of the times it stopes you out when you set trailing stop and finally plays out to your final tp without actually reversing to the point of your sl. don't know if you've experienced that once

There is no doubt that most traders if not all would have made or are still making the same mistakes.
   Making trading mistakes is part of every traders journey, whether completely new to trading or has been trading the markets for decades but still make some common trading mistakes.some of these mistakes are deadlier than others. The fact is there are some mistakes that are hard to accept for some traders. Ignoring a mistake and repeating it over and over again can spell the difference between becoming a successful trader or loosing one.

Letting profitable trades turn into loses is one of those.
  If you are making this mistake you are not alone.even some guru traders are guilty of this common mistake.
How many times have you perfectly timed your entry seen nice running profits only to see it melt down by a sharp reversal? (Though manipulations do occur at some point) I'll bet more than once.
Letting a profiting trade go bad is very annoying mistake but there's light at the top of the tunnel.
    The best way to correct this is by planning. Know your exit before entering a trade and develop your own trading exit strategies.

    You could use wild trailing stop for trending markets which are the best trading markets I'll recommend.
     You could also take a bit of your position off when the market makes some profits available.take a bit more as the move progresses and leave some on for the big wins. This process will help you take some profits and avoid sharp reversals.

Please do well to add your own strategy maybe it could help someone.

Day trading is not a bad strategy to me anyways. Sometimes the error might be  as a result of not having a proper trading plan. Trading plan covers a whole lot.

Some people trade without a solid plan of maybe day trading or swing trade. If you plan to day trade I think it's best done scalping the market to archive a particular target(inclusive in your trading plan) and after archiving that you close for the day.

Meanwhile swing trades you trade them and allow the trades to bring all what it gats regardless of the period of time it would last. Some people enter scalp trade entries and hope for a big and long term wins which latter bounces back and ends them in a loss. I'm also a victim of this but really trying to correct it though.
 So know the one you belong and hold tight.

One very vital strategy that a trader should adopt is by trading with the high to lower time frames. This is simply finding the trade direction from the bigger time frames then coming down to the lower time frames to take entries.

And again trend trading. Never trade against the trend.instead follow it and trade to the direction of the trade.

Most novice traders hold on to loses and let go of wins. Sounds ridiculous when you loud it yet several studies have shown that it's the most common mistake made by traders. It is simply our humanity and the completely irrational but understandable fear of loss.

The principle is simple.

When we start winning we get anxious about loosing our gains .we close trades prematurely to capture the profits before the price starts to drop again.wereas we should be holding on to it and closing appropriately to maximize the profit.
     Conversely,when we start loosing we hold on to the losing position longer in the hope it will turn upward at some point.we have the irrational beleif that we will reduce or wipe out the lose without proper re-analysis.

This is thesame principle that casinos exploit to keep unwitting patrons pulling at the one-arm bandits until their bank accounts are emptied.
  So even if we have more winning trades than losing ones, the average size of the wins versus the loses finds us in a net lose trading position over time.

It is the most basic and destructive mistake a trader can make and if left unchecked could become habits that would be difficult to break.

Please do well to add your opinions on this as this post is pron to corrections and contributions. Thank you.

That's correct. I was once a victim of this. I even went as far as paying for a VIP signal group believing them so much but still I ended up thesame level cause I had no knowledge about trading. Not until I gave my account to a so called professional who blew my 50 box then I stopped and gave myself to learning and it turned out well for me.

Nothing is too difficult to archive. The journey of a thousand miles begins with a single step. Begin now to learn with what you have not until u meet a professional to get started. None of those knowledge acquired would be wasted.

Again you could also archive poverty by failing to invest in your self in attaining good grades and skills to foster your employers 

Jack of all trades they say is master of none but you could be jack of many trades it actually pays.

It is very important to build one's self than solely relying on third party signals. You have more confidence and trust in what you do yourself than what you get from the next person.

And one major problem; account size varies so yours might not be the same as the one posting the signals so your both stop loss and take profit can't be the same. Hence, your trades tend to be more risky than you thought which is a bad account management measure.

[quote author=Youngkhngdiddy link=topic=5482696.msg63546597#msg63546597 date=1706033971
   People are desperate cause the feel like since everyone is making emphasis on the bull run, the fear of missing out makes them partake into fake airdrop and news.  A lot of people will want to capitalize on this opportunity to spread fake news and propaganda luring poor people to waist their time and resources. Getting the right information is very paramount in the crypto world, the right information will give you the right results.
[/quote]

People shouldn't be too enthusiastic on the coming bull run. Rather engage more in research to find out the best crypto asset to hold on with Bitcoin.

Scammers are working and researching tirelessly to make sure they brain wash you so you too research to know what they know already to defend yourself against their
knowledge. And don't forget to invest what you can afford to loose Incase.

1.Fiat currency is accepted worldwide as a legal tender.

1.Bitcoin is a decentralized digital currency that is not accepted in most countries as a legal tender.

Yes it might appear not acceptible in some countries but it doesn't stop it's usage as it operates digitally only. Bitcoin is unstoppable💯😎

3.Fiat currency has an unlimited supply.

3.Bitcoin has a limited supply.

Yes of cause an this contributed to the continuous grouth of Bitcoin