Have you ever traded based on emotions? Do you know why that could be dangerous? Come on, check out our latest article and learn how to control your emotions when trading!
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LIVERobinhood101
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Danger Zone: Why Trading Based on Emotions is a Bad Idea
Hello, Crypto Lovers! 🚀 Have you ever traded based on emotions? Do you know why this can be dangerous? Come on, let's discuss it!
1. Emotion vs Logic: In trading, logic and analysis should always be the basis of our decisions, not emotion. Why? Because emotions tend to make us impulsive and not objective.
2. Case Example of 'The Emo Trader': Imagine there is a trader named 'The Emo'. He bought Bitcoin when the price was rising drastically because he was afraid of missing out. Finally, he bought at the peak price and Bitcoin started to fall. The Emo panicked and sold all his Bitcoins, and ended up losing big.
1. Emotion vs Logic: In trading, logic and analysis should always be the basis of our decisions, not emotion. Why? Because emotions tend to make us impulsive and not objective.
2. Case Example of 'The Emo Trader': Imagine there is a trader named 'The Emo'. He bought Bitcoin when the price was rising drastically because he was afraid of missing out. Finally, he bought at the peak price and Bitcoin started to fall. The Emo panicked and sold all his Bitcoins, and ended up losing big.
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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