The Reasons We Primarily Lose Money Come from Psychology and Emotions
For new traders entering the market, the reason most of you lose money is that you do things that make you feel comfortable and easy. When they are in profit, they fear losing it, so they close early for peace of mind. When they are in loss, they fear losing the profits they have gained, so they remove the stop loss to nurture the hope that prices will turn around. When they are free, they enter trades to relieve their itching hands… All these actions share a common point:
Daily Tasks to Keep Up with Information and Market Cash Flow
Hello everyone, here’s another experience for you!! The process from 1k-5k, I made the most profit from
and
. These are the things I did to see the cash flow early to trade those two coins. The crypto market operates 24/7 and develops rapidly, with news being released continuously.
Sometimes just forgetting to update information can make us outdated in the market. So how do we avoid being 'outdated' and what should we check in a new day to catch up on information and cash flow?
Common mistakes of Traders when first stepping into the crypto market
Hello everyone, the situation is that the journey of 1k-5k $ to celebrate Tet has been completed, many people expressed their desire to learn from experience, so honestly each person has their own strengths, each person has different trading methods so it can't be fully applied but here are the mistakes that I made to achieve the results I have today, please remember to shorten your trading process.
If you find it interesting and useful for me, please give a like and a comment.
So the short is perfectly on point $BULLA , I also have no intention of holding this position because the spread is quite wide. I'm quite satisfied with the PnL that this position has brought in already 🫶
Profithunter657
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Bearish
$BULLA pump too much for me scalp a little please ... {future}(BULLAUSDT)
How was the summary of January for you guys? I'll go first: I completed the challenge of 1k-5k, besides that, I also received extra stress from trading quite a lot.
$我踏马来了 or the trending Chinese language seems to be hot again, surely @CZ wants to promote this trend soon!
Rest up to welcome February and the Lunar New Year, guys!
I can't believe I found gold, my siblings 😂😂😂 I'm just joking! This one, in terms of analysis, is beyond discussion; I'm contributing a bit to support the leading perpdex, the story is too good
$XAG $XAU gold and silver collapsed too quickly, I'm practicing trading this pair in the coming time :))) probably sideways for a little while, fomo close to Tet
Closing the 9th day and I have completed the challenge of 1-5k$
I must say it has been a journey that, although not long, has been full of pressure, as I have never publicly set such high stakes on trading. This has forced me to be on chart almost every moment
I think I will take a break for a while and then return to trading with a more professional trader mindset (so I should use a cool head)
$RIVER and $FRAX are the 2 tokens that have brought the most profit in this journey. After resting, I will share more reasons and how I trade!
Profithunter657
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Update on the 9th in the journey of 1k-5k Good morning, everyone!
So we have reached 95%. I am currently trading $FRAX and $RIVER at this stage.
Fortunately, the winning trades are still more than the losing ones, so I have been able to optimize the profit relatively well!
Update day 8 of the journey 1k-5k$ Starting at 1k$ Currently at 4k4$ So we have achieved 72% of the journey thanks to the long $AXL and $AXS Progress ▮▮▮▮▮▮▮▮▯▯ 88%
There are only 21 days left until Tet, not too close and not too far, let's all try our best!
In my personal feeling, the river reaching an all-time high means that some short positions have been liquidated and short traders have gradually closed their positions, leading some people to fomo long with the thought that it will continue to rise.
This cannot avoid the chart showing signs of a deep correction followed by a wick, partly due to the impact of liquidating long positions too close.
I think the river chart will be sideways during this period, so please consider carefully before entering a position!