5 mistakes traders make in crypto currency trading;
1.They want quick money
They’ve zero patient in them & they immediately want to make $$$M amount of money in a short while. Build your profits slowly, start with lil achievable goal with good time frame.
1.They want quick money
They’ve zero patient in them & they immediately want to make $$$M amount of money in a short while. Build your profits slowly, start with lil achievable goal with good time frame.
2.Over trading
don’t enter into even trades bcos you want to make money quick. It’s not everything you need to trade. You should only be trading one trade a day maximum. Not more than one trade a day. If it ends in profit great, if it doesn’t end in profit great.
don’t enter into even trades bcos you want to make money quick. It’s not everything you need to trade. You should only be trading one trade a day maximum. Not more than one trade a day. If it ends in profit great, if it doesn’t end in profit great.
3.Don’t trade with every single penny if you have.
You’ve $10k in your wallet and you want to buy xxx coin with big lot size so you make big profit.
Trade with only what you can afford to lose. Not like you’re going to lose if your setup & strategy is good. Set TP
You’ve $10k in your wallet and you want to buy xxx coin with big lot size so you make big profit.
Trade with only what you can afford to lose. Not like you’re going to lose if your setup & strategy is good. Set TP
4.Don’t trade without stop loses
Trading without stop losses is the fastest way a trader could get liquidated. Set your stops maybe -2% to the previous low, I don’t mean you should always set it like that. Choose the best for yourself. But don’t ever trade without stop losses
Trading without stop losses is the fastest way a trader could get liquidated. Set your stops maybe -2% to the previous low, I don’t mean you should always set it like that. Choose the best for yourself. But don’t ever trade without stop losses
5. Take your profit before price reversal
Knowing when to exit a trade is a good trait of a good trader. Don’t always wait for your tp to hit before you close your trade, once you notice price has change momentum. Exit it ASAP! And go with your profit
No profit is too little
Knowing when to exit a trade is a good trait of a good trader. Don’t always wait for your tp to hit before you close your trade, once you notice price has change momentum. Exit it ASAP! And go with your profit
No profit is too little
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