🚨 Another problem that new traders make 🚨
⛔Most new traders focus on currencies that have risen significantly. They don't even buy when they are at the beginning of the rise, and they look at them every day hoping that they will drop to the price they want so that they can buy, and they continue to rise until they reach the top, then they decide to buy this currency. And then the currency begins to fall.
⛔ Or they may buy at the peak of its first rise, and when the currency begins to correct or has reached the lowest correction bottom, they sell, and then the currency rises again.
💔New traders are disappointed.
⛔The currency may be in a continuous decline, and they do not sell in order to get out with minimal losses, hoping for it to rise again after a while. And it does not rise.
When the currencies decline and some may start to suffer losses, the psychological factor for new traders drops significantly, and he may not want to open the platform to see how far the currencies have fallen, and if he enters the platform, he only takes quick glances and leaves in a very bad state.
But when the currency rises, greed increases and one begins to fantasize about higher levels that currencies will never reach.
⭕ The PEPE or SHIB currency will not reach the price of one dollar until your grandchildren come, or it may never reach it ⭕
These are the fantasies that new traders aspire to, and this is how ideas are created in the minds of traders by market makers, so that they can benefit from them every time.
We always hear about people who became millionaires during this period, but we do not hear about the millions of victims who lose. The beneficiaries are a few people, while the victims are millions of people.
So trading is not as you imagine it or as they make it for you, so be careful.
⛔ Also, many traders withdraw their sell orders, creating false hopes and fantasies, or they may exit currencies that did not rise as quickly as they requested in order to enter a new currency that has already risen, hoping that it will continue to rise. After that, the currency they exited rises.
That is, their feelings, emotions and hopes are made to speak instead of them, their minds and their analyses.
✅ Therefore, we always advise traders to learn to trade correctly. Patience, patience, patience, (and patience is in currencies that are at the beginning of their rise, not currencies that have reached the top and are now in a decline phase. If they are in a decline phase, then you can exit with minimal losses)
We always recommend at least learning the Fibonacci tool to know the tops, bottoms and direction of the currency.
✅ In addition, he learns how to manage risks and exit the market with minimal losses.
⛔ We always advise against trading on the hourly frame or less than the hourly frame or even the four-hour frame.
✅ The weekly frame should be displayed at least, and the monthly frame is better, so that the trader knows whether the currency has risen to a significant level, or is still at the beginning of the rise. Because the monthly frame is always the strongest.
❣ We seek to teach traders how to trade in the simplest and easiest ways by presenting our analyses to followers, so that they can benefit and learn together at the same time.
❤ God willing, we will show you how to know the direction of the currency using the simplest methods and simplest tools, even just by looking at the currency frame.
💥💥 For those who want to follow us on (t me) Telegram 💥💥
The ID is the same as our ID in Binance.
majed_ismael
Without curling, of course
We ask God Almighty for success for everyone. #MarketDownturn #MemeWatch2024 #ANALYSIS #BinanceBlockchainWeek #solana
