🔮 Is Luck a Factor in Crypto Trading?
While traders invest considerable time creating #trading strategies for successful trades, some argue that luck plays a role too.
⚖️ Trading involves making accurate predictions.
For instance, if a trader loses 100 trades with a $20 capital, it results in a $2000 loss. Conversely, winning 100 trades with a $100 profit each yields $10,000 in profit.
🎯 However, risk management and psychological aspects are crucial in trading.
It's essential to detach oneself from compulsive profit-making desires.
🏗️ Constructing a systematic trading structure involves:
👉 Establishing a consistent trade frequency (e.g., two trades per day or weekly)
👉 Maintaining consistency regardless of profit or loss outcomes.
#Cryptotrading #Binance #Educational #GOATMoments
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