The main reason is we can't control our Emotions.
If we make a loss in a trade, then immediately we enter into a new trade to cover the previous trade loss. When we open a new trade Without Technical Analysis then again that trade also closed in loss too.
And when profit is made from the trade in the same way, then immediately we trade at the same time to take more profit. A profit in the next trade turns into a loss.
To avoid loss, the first thing you have to do is to control your emotions. If you control your emotions , you can become a successfull trader.
How Should We Control Our Emotions ?
After a trade relax a little bit. Eat whatever you like, have a coffee tea. Spend some time with your family, then move on to your next trade, then you will learn a good lesson from it.
I have been trading for 5 years, but the best thing I have learned is to control emotions. If you can't control your emotions. Then you are Doing "Gambling" not trading.
You Can't Get Rich Overnight from Trading. But if you do this business like this, then sooner or later you can definitely become rich.
Previously we talked about emotions. Now I will see another aspect as the loss occurs.
And that's we blindly follow the to big traders. Seeing all the big accounts on Twitter, I got Bearish.
Someone was saying that #BTC would come 10k$, someone was saying that 12k$ would come and someone of them says btc will go to 50k$.
If you getting super excited when someone posts a Bullish tweet and Gets sad and angry when someone posts a bearish outcome, then definitely you are not a trader.
You are just hoping for things, "Dreaming"
Traders trade the range and make money in all markets
But sadly that most won't understand.
Understand The Way Of Trading !
Trading is not like this. We should always trading according to our levels. No #BTC will go to $50k in 1 day nor will it come to $10k in 1 day. In this round we do our loss.
We do not care about the market, Market will go up or go down we just want to make profit. only we should know direction.
If this ARTICLE gives you this smile then from now you will leave scammers who says btc will reach either $50k or $10k in 1 day.
"Remember One Thing Level By Level Trading Is The Best Option For Earning Profits"
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