patience

Many traders lose money not only in bearish markets but also in bullish ones, while others make money wether it’s going up and down.
How does this happen ⁉️🤔
Let’s break it down ⤵️
🚨 #Patience
As someone who has been trading on Binance for years, I can say that one of the most common things people should work on is improving their patience.
There is a psychological game at play here.
In a bull market, prices rise and optimism rises.
This often pushes traders to enter late.

Green candles usually leads to optimism then poor entries, and therefore losses.
🔸 Remember that a missed trade is better than a bad trade, and making a small profit is better than losing money.
🚨 #Discipline
Prices drop, fear increases, and many traders panic sell.
Traders who make the most profit are not the ones who guess the market direction or act fast, but the ones who manage their behaviours and risk well.
🔴 Controlling the Desire for Fast Money
One common mistake is wanting quick profits.
When traders focus only on making money fast, they overtrade, they ignore risk, and they increase position size (emotionally).
This often leads to considerable losses.
⚠️ #Leverage
High leverage can be very risky especially for those wanting to make money quickly.
A small move against your position can lead to liquidation.
Lower leverage allows better survival during volatility.