$SUI Still looks great | CRYPTO MECHANIC on Binance Square

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CRYPTO MECHANIC

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$SUI Still looks great

CRYPTO MECHANIC

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If price can hold above that breakout zone.
$SUI looks fine

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New week tomorrow and as always i will share some Altcoin weekly charts. Let me know which one you think can perform well next week.

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People are waiting for 20th January like trump will end the dollar and Bitcoin will be the new American currency or he will ask banks to put all their reserves into crypto. 😂

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$XRP Breaking out of the Trendline. i don't use Trendlines for my trading decisions because i don't trust these much. But as i said before Xrp has a fine looking chart and it's still fine.

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Why is everyone so bearish

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Market is dropping right now and i think this is the perfect time to talk about why traders lose money. Everyone wants to make money in trading, but the reality is that the vast majority of traders end up losing money. Lets discuss what makes traders lose money. 1. Lack of Preparation Trading is a skill that requires education, practice, and experience. Most traders fail because they do not invest enough time and effort in learning about the markets and trading strategies. They enter the market without a proper plan or strategy, which leads them to make poor decisions and lose money. 2. Emotional Trading Another reason why traders lose money is because of emotional decisions. Trading can be stressful and emotional, especially when one's funds are on the line. Many traders allow their emotions to control their decisions, leading to rushed decisions and unwise trades. 3. Lack of Discipline Trading requires discipline and patience. Unfortunately, many traders lack the discipline to follow their trading plan and the patience to wait for the right opportunity. Instead, they jump into trades without thinking, hoping for a quick profit. 4. Overtrading Overtrading is a common problem among inexperienced traders. They believe that they need to be in the market constantly, making trades and generating profits. However, this results in excessive risk-taking and poor decision-making, ultimately leading to losses. 5. Improper Risk Management Successful traders understand the importance of risk management. They know how to minimize their losses and maximize their profits by setting stop losses, using leverage wisely, and managing their funds properly. Many traders, however, ignore risk management, leading to significant losses. 6. Lack of Confidence A lack of confidence can also play a large role in a trader's success or failure. If a trader doesn't believe in their abilities, they may hesitate to take risks and make difficult decisions. This can result in missed opportunities or poor decision-making, leading to losses.

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