Essential Qualities for Trading Cryptocurrency:
1. Self-Control
Trading cryptocurrency is like gambling; it can be addictive. You must learn to liquidate, short-sell, set stop losses, and take profits, managing your entry and exit effortlessly.
2. Judgment
Choosing coins, building positions, adding to positions, and liquidating all require precise judgment at every step. Without exceptional judgment, it's hard to succeed. A single misstep could lead you into a deep pit.
3. Good Mindset
The cryptocurrency market is volatile, with both wins and losses. It's fine to be happy when you win, but don't be complacent; it's okay to feel sad when you lose, but don't become discouraged. Your mindset determines everything.
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