🤑Understanding the Basics of Crypto Trading: Profit, Loss & Emotions$👌
Crypto trading isn't just about clicking "buy" and "sell" — it's about strategy, psychology, and education.
Here’s what every trader should know before diving in:
🔺 Profit & Loss (PnL):
Your PnL tells you whether you're winning or losing.
Realized PnL: Gains/losses after you close a trade.
Unrealized PnL: Current gains/losses on an open trade.
Always know your risk before chasing profits.
📉 Price Charts Aren’t Just Lines:
Charts tell a story — of market trends, emotions, and decisions.
Uptrend = higher highs and higher lows
Downtrend = lower highs and lower lows
Use indicators like RSI, MACD, and volume for better entries/exits.
💥 Common Trading Mistakes to Avoid:
FOMO (Fear of Missing Out)
Revenge trading after a loss
Over-leveraging positions
Ignoring risk management
🧠 Discipline > Luck:
Success in trading comes from learning how to control emotions, follow a plan, and protect your capital.
Even pro traders lose sometimes — the key is to lose small and win big.
🚀 Whether you're holding or trading actively, always DYOR (Do Your Own Research) and never invest more than you can afford to lose.
#ETH #CryptoKnowledge🚀 #BNB_Market_Update #BTC #Follow_Like_Comment
