đą4 Areas of Responsible and Safe Trading
1. Practicing Self-Discipline
When trading, self-discipline refers to avoiding unhealthy excesses like impulsive trading or gambling. We advocate users trade responsibly and practice self-discipline, especially when they feel pressured by losses or a losing streak.
2. Continuously Educating Yourself
Cryptocurrency trading is a vast subject that may seem overwhelming to novice traders. As such, you need to continuously educate yourself to stay sharp and competitive.
3. Protecting Your Capital at All Times
Risk management is a core component that is key to every traderâs success. It helps you avoid substantial losses that can lead to you losing your entire trading account.
4. Knowing When To Stop
Knowing when to stop, and learning to recognize unhealthy trading habits, calls for being honest with yourself about the risks you take on and the behavior that accompanies it.
After losing, for example, do you then keep trading to recoup your losses and risk running up heavier losses in the process?
As a responsible trader, you should always keep yourself in check and ensure that you have procedures to avoid compulsive trading disorder.
â @CoachJ1two3
#bullrun
#2023
