A Must-Read for Trading Newbies! Avoid These Pitfalls and Save Ten Years of Wrong Turns
As someone who has been through it, I have to give a reminder to trading newbies!
Don't get envious when you see the coin price soaring and rush in to be the one left holding the bag.
By the time you enter the market, the big players have already cashed out and run away, leaving you as the one left holding the short end of the stick.
Remember: Fear of missing out is a disease, and it needs to be cured!
Also, don’t just focus on the charts every day while being clueless about international news and economic policies.
Major events like Federal Reserve interest rate hikes and the outbreak of wars directly impact your wallet.
Now I understand: Technical analysis is the gun, and fundamentals are the bullets. Having just the gun without bullets is just a recipe for disaster!
And definitely don’t treat trading like gambling, getting itchy hands if you don’t trade for a day.
Rushing to recover losses after losing money will turn you into the very gambling addict you despise.
Remember: Not losing money while in cash position is real skill, controlling your hands is the true talent!
Trading isn’t about speed; it’s about patience. Trade less, think more, and surviving is the ultimate truth!
The market is currently turbulent; walking alone is lonely. Follow me for daily shares of top strategies and layouts.