Guys $BANANAS31 losing this local supportive level and rejecting at major daily resistance zone can give bears control and we can expect a downside corrective move with a later chance of rebound.
Most beginner traders lose all their money for one main reason: they want quick money.
And by this, I don’t just mean using high leverage or huge margin. I mean overtrading to force profits faster.
This creates poor decision-making, weak risk management, emotional trading, and eventually an addiction to always being in a trade. Many beginners feel uncomfortable staying out of the market, so they take every setup they see and spend the entire day trading.
Professional traders usually do the opposite. Most of them focus on high-quality swing trades, patience, and proper execution. They understand that one clean setup is worth more than ten random trades.
That’s why professionals slowly build wealth over the long term, while many beginners wipe out their accounts after a few impulsive trades and quick flips.