🎯 1. This is sincere advice from an experienced trader. Facing newcomers.

The reason I often talk about CAPITAL MANAGEMENT is that I know many of you have not experienced the feeling of "bankruptcy" of your account, losing money without understanding why, losing faith in the market...

Therefore, my advice is: Divide your money into 5 parts when participating in the market.

Please take 1 part and see it as the only money to participate in the market. (Forget about the other 4 parts)

Deposit money into the account and invest freely. Play like someone who wants to invest.
You will experience 2 feelings:

Excitement when earning money easily, the market is good enough that you can earn money just by holding your phone... Then you might think about dropping out of school or quitting your job to focus 100% on trading.
Experience the feelings of fear and confusion when losing all the invested capital along with the interest.

👉

I am sure that once is not enough for you to fully understand. So, take another portion and continue investing. Then, you will experience the story as above again.

I hope that after a few experiences, you will understand better. Please read again about capital management and try to follow it.

Many people only advise you but do not guide you on how to do it. This is the most correct way to do it.

🎯 2. Greed: Gamblers tend to want to make a lot of profits quickly and may not accurately assess the risks in their transactions. They may continue to invest even though they know the market is declining, just because they hope the prices will rise again.

Psychological influence by the market: The Crypto market can change very quickly and strongly. Therefore, investors can become more emotional and easily influenced by those changes. If prices drop, they may become anxious, restless, and make decisions based on emotions instead of accurate information and analysis.

High risk: The cryptocurrency market is a very risky market, so decisions can be made under pressure, especially in cases where they are losing money. They may feel pressured to make quick decisions but not have enough time to analyze information and understand the market.

Confidence and overconfidence: Successful investors can become too confident in their abilities and easily succeed in making money, seeking new and larger trading opportunities without assessing risks. They may be enchanted by previous successes and believe they can make even more money in the future.
Therefore, to become a successful advisor in the cryptocurrency market, it is not necessary to have knowledge of the market and analysis, but it is essential to monitor and control emotional stress.

#thitruongtaichinh #BTC☀