🔥 OVERTRADING
Sounds similar to overthinking, doesn’t it? :)) Normally, how many orders do you trade in a day? Scalp or swing?
The state of overtrading occurs quite frequently, especially for those who like to scalp on small timeframes. There are days with 10-15 scalp orders, continuously clicking, clicking m1, clicking m3, clicking one order every 3-5 minutes,… =))) then at the end of the day, just breaking even, always losing fees. Having so many orders like that is not good; out of 10, it causes harm 7 times and benefits 3.
The first is that there are many transaction fees and it's hard to control the risks; the larger the volume, the higher the fees. People might close orders with a small profit, but after deducting the fees, it breaks even.
The second is psychology. Continuous losses or excessive wins can easily make people frustrated or overly excited, leading to subsequent wrong decisions.
The third is the impact on life. Spending all day glued to the charts, sometimes we forget about real life. Trading day and night, even overnight to want to 'catch the wave' =)). It's harmful to the eyes, health, and very damaging to people's psychology.
🔖 Be a coin player, don’t let the coin play you! Slow down a bit to reflect on whether you are being swept along by the market's fluctuations!
