These points are very accurate. It happens sometimes. Greed can cloud a trader’s sense of judgement which leads them down a path of doom. If they follow a plan and maintain discipline throughout their trading journey, it can get simpler for them to make profit in the long run.
Hi, how has your journey been so far? Do share any tips and experiences where you learnt and grew into a better trader. It will help everyone here. Good luck for the rest of your journey!
As soon as people hear the word bitcoin (without having knowledge of the recent market occurrences) they start to imagine that bitcoin is an easy road to riches. Investing without knowledge of cryptocurrency can be highly risky. But, if done properly, it can result in gradual profits over time.
Thanks for this helpful beginner-friendly information. Really appreciate it. How many indicators do you use?
I personally feel like although indicators depend on the strategy we are using, using more than two indicators is the best, for better confirmation and accuracy.
I am quite new to the forum but really enjoying the insightful posts and interactions that happen here. Being a part of a traders community surely acts as a motivational force as we learn so much from each other.
I can never think of trading without a stop loss as that would mean I can’t take my eyes off of the screen. A stop loss is like a safety net for a trader. I also use TP as it allows me to exit my trades at the right point.
Do your own research before trading. Otherwise, it will be difficult to trade. People here can tell you what you can do and what you cannot, but only your experience will let that know.
Trading with eyes open (i.e., knowing the reality) about trading is crucial. Negative emotions like greed are detrimental to a trader’s career. As long as a trader is untouched by reality, greed will be there.
Very informative post, especially for the beginners. To become a profitable trader, it is important to keep emotions at bay or else it can ruin your trading career. Focus on practising more and developing your skills rather than making money. Develop a strategy and trading plan. Work according...
Bitcoin is surely the safe bet for long term investment. I think the crypto winter is the best opportunity for us to accumulate some BTC as well as Ether. But you must be prepared to hold it for a longer duration as we are still unsure when the crypto market will recover.
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