Trading skills in multi-timeframe observation and trend prediction are the most important. Identifying the main trend and trading according to that trend will help us make money. If we just cut a Long position and then immediately enter a Short, or vice versa, continuously reversing like that, it shows that we have not identified the main trend. And this is the reason for the depletion of our account!
There are 2 main reasons why traders lose money:
1. Trying to hold onto deep losses until they become significant.
2. Failing to identify the main trend of the token being traded, entering and exiting long and short positions continuously. #NTC