MY DEAR RESPECTFUL 🫰 TRADER
WHY IT IS IMPORTANT TO UNDERSTAND YOUR MINDSET ☺️ WHEN TRADING
Read these points in 1 minute it's very important
1• Unrealistic Expectations: Trading is not a get-rich-quick way. People who go into trading with this idea will become disillusioned. Like any skill, trading requires years of practice and discipline.
2• Experiencing Losses: Even the best traders have bad days. For new traders, having losing trades is a difficult concept to grasp and often leads to further failed attempts to try to outsmart the market.
3• Making Profits: While making profits feels good, the downside is that traders may experience a sense of overconfidence or invincibility, and have the false impression that they cannot lose. This can lead to riskier decisions and ultimately losses.
4• Market Sentiment and Social Media: Beginner traders are easily influenced by what people say on the Internet. Negative sentiment on social media can spark fear, which can lead to panic selling. It is equally unwise for a trader to blindly follow an influencer's advice to buy a specific token, especially if the influencer is sponsored by the token project and paid to promote it.
