#DayTradingStrategy

ARE YOU A LOSSING TRADES? THIS IS HOW THE CYCLE CAN BE BROKEN!

ARE YOU A LOSSING TRADES? THIS IS HOW THE CYCLE CAN BE BROKEN!

In the cryptocurrency market, over 90% of traders consistently lose money, particularly when they overleverage and lack risk management strategies.

As a cryptocurrency trader, my goal is to stay profitable in a market that is prone to volatility. There are a lot of things you should and shouldn't do. We are therefore here to assist you in simplifying them.

1. The secret to making money in the cryptocurrency market is to take profits. When they have already achieved some or all of their target profits, many traders have a tendency to wait for stop losses to occur. As a result, the traders' discipline is more important than the cryptocurrency market's volatility.

2. Setting a stop loss is not always an indication that you have lost money as a trader; rather, it shows how much you value your money and its ability to withstand a volatile market. Many traders would prefer to forego taking a stop loss and wait for the market to continue depleting their holdings before recognizing their mistake.

3. Your incapacity to use lower leverages when you have limited funds is your enemy, not the liquidation price. The cryptocurrency market will never be profitable for those who lack self-control over the risks they will and won't take. Financial danger abounds in the life of a cryptocurrency trader, yet mastering "limitations" might change a trader's trajectory.