$ETH Trading is tough because many dive in without a solid plan. 📉 Here’s a deeper look at why 95% of traders lose money and why only 5% tend to profit:
• Lack of a Clear Strategy:
Many traders jump into trades based on gut feelings or hype without a detailed plan. This leads to impulsive decisions rather than calculated moves. 🌀
• Poor Risk Management:
Without setting stop-losses or knowing how much to risk on each trade, a single bad move can wipe out your profits. The successful traders know how to protect their capital by managing risks wisely. 🔒
• Emotional Trading: