There are two main reasons for stopping trading: either the trading plan is ineffective or the trader has lost control over his decisions due to psychological factors.
An ineffective trading plan may show larger losses than expected while executing it in a demo account, as markets may have changed due to some economic or political fluctuations. For whatever reason, the trading plan may simply not work as expected.
In this case, you should stop trading completely and re-evaluate your trading plan and make some changes to it or start a new trading plan. It should be kept in mind that an unsuccessful trading plan is just a problem that needs to be solved, and not necessarily the end of your trading journey.
On the other hand, the trading plan may be effective but the trader is unable to follow it. Stress and fear of losing can contribute to this problem. In this case, the trader who is not fully focused to trade wisely should consider taking a break. After relaxing and removing the stress and bad feelings, you can get back to work again.#BinanceTurns7 #MarketDownturn #TopCoinsJune2024 #AirdropGuide $BTC $BNB $SOL
