"Only 1% of traders become successful"😵 says the statistics...
You have probably heard such a statement, and I want to ponder this topic with you a bit.🤔
A trader faces many difficulties🌊:
😜Before starting to trade, a prospective trader tries to figure out: how to buy USDT and start trading? Create an account on an exchange, make their first trade. At this stage, a person may have a biased attitude towards cryptocurrency, perhaps they have heard about scammers or think that crypto is a scam and never make their first trade.
⚔At this stage, it is important to find reliable resources that show not just the delights of "so-called trading", but to recognize the real risks that the future trader faces and see opportunities to overcome them.
🤓As a beginner, facing the first unsuccessful trades or liquidations, there is a desire not to trade at all.
⚔During this period, it is worth starting to gain knowledge about trading and keeping a trading journal.
🥸At the next stage, if the future trader has studied too much information, confusion arises in their mind. Everything seems unclear and complicated, and they want to give up.
⚔At this moment, it's important to condense all the theory into one clear strategy and consistently trade this
situation on the chart, having previously tested it on a backtest.
🧐When a trader reaches a new level and has experience and knowledge, they have their own strategy but face fear in increasing their position, caused by unsuccessful trades.
⚔During this period, it is important to gradually increase their position to have a positive and smooth PnL in the long term.
😎Finally, there comes a moment when a trader has all the knowledge, experience, and increased position, but they encounter moments of prematurely closed, prematurely opened, or not opened or not closed positions due to fear.
⚔During this period, it is important to regulate their emotional component, to realize what emotions cause such actions or inactions and to make decisions about positions based solely on cold reason.
🤾The maturation of a trader is similar to the maturation of a person. A child falls, gets up, and tries again. Do you get up again after failure?🪨
Identify what stage you are approximately at and strengthen your weak points in trading!🫵
