Lots of beginner traders gets over excited and thinks that they will make a fortune overnight.
But they gave up due to consistent loss so they thinks its the game for wealthy people only. ๐ค
Look there is a difference between trading and gambling. In gambling you are placing bets hoping that you will win something but in trading you could use some tools and do some calculations ๐งฎ to predict the market movement. If you are taking any trade without knowing the market ๐๐, major global eventsโ ๏ธ, fundamentals and community support for that tokenโ, utility of that token, holder base and liquidity for that token, future plan ๐ฎ and usecase of that token and volume and price movement in chart then you are gambling!!!
Yes, you heard right ๐ that's not trading that is gambling. So, you are less likely to win and you give up that's it. ๐
Try paper trading at first so you don't have to involve emotions in trading. A trader should have psychologically strong mind so that he doesn't take decisions on the basis of emotions. Best way to achieve it is to meditate at least 1hour a day that's it, no big deal. ๐ค
When you start with real money trading, start with small amount at first and also don't forget to use isolated margin mode so your whole wallet won't be wiped out.
If you are beginner, avoid leverage trading or use only upto 20x leverage. You should sustain in the market for long time to learn trading so don't go ALL IN and don't use high leverage.
Happy Trading ๐
Stay Strong ๐ช Stay Bullish ๐!
