The Fundamental Difference Between New Investors in Cryptocurrency and Professional Traders 👇👇👇
In fact, for traders, 99% is about waiting ⏳ to encounter market conditions for precise targeting.
You might think that trading means building and closing positions frequently all day, but that's not the case. The more you operate, the more mistakes you make. Not to mention that your capital will decrease due to transaction fees. Professional traders will tell you: to truly make money, you must endure loneliness. Sometimes, there may be days or even longer without trades. Once the market aligns with your trading system and reaches your expected entry point, act decisively.
🔥 Focus on your expectations, not your predictions.
🔥 Confirm the trend, and decisively enter during pullbacks or reversals.
🔥 Identify your profit zones and set your take profit and stop loss levels.
🔥 Don’t be greedy; decisively abandon profits outside the market, only take what’s in the body of the fish, discarding the head and tail.
The greatest characteristic of the market is its uncertainty.
All indicators, methods, and theories are just reasons for placing orders. Mastering the fundamentals allows you to better interpret candlestick charts (the flat and graphical representation of buying and selling), rather than relying on feelings.
Major events, reports, etc. (commonly known as fundamentals) can cause all indicators to go out of control (divergences, etc.). Rising markets do not necessarily mean tops, and falling markets do not necessarily mean bottoms, commonly referred to as one-sided markets.
Avoid emotional trading; stop-loss decisively in the face of gambler's psychology or incorrect trends (minimizing losses is also profit). Wait patiently for the right moment and then strike decisively.
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