This is the #3 episode of Crypto Education
𝟏: 𝐍𝐨 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐏𝐥𝐚𝐧
𝟐: 𝐏𝐚𝐧𝐢𝐜 𝐒𝐞𝐥𝐥𝐢𝐧𝐠
𝟑: 𝐍𝐞𝐠𝐥𝐞𝐜𝐭𝐢𝐧𝐠 𝐓𝐫𝐚𝐝𝐞 𝐏𝐬𝐲𝐜𝐡𝐨𝐥𝐨𝐠𝐲
𝟒: 𝐋𝐚𝐜𝐤 𝐨𝐟 𝐏𝐚𝐭𝐢𝐞𝐧𝐜𝐞
𝟓: 𝐋𝐚𝐜𝐤 𝐨𝐟 𝐂𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭
=====
1: 𝐍𝐨 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐏𝐥𝐚𝐧
Most beginner Traders wont do proper analysis and wonder why the Crypto market is losing them money.... A proper trading plan is very important in having success in the Crypto market.
2: 𝐏𝐚𝐧𝐢𝐜 𝐒𝐞𝐥𝐥𝐢𝐧𝐠
A lot of beginner traders see a drop in price and sell due to the fear of losing their money. A stop loss is very powerful. Having a stop loss set is important to know your max loss if a trade goes south.
3: 𝐍𝐞𝐠𝐥𝐞𝐜𝐭𝐢𝐧𝐠 𝐓𝐫𝐚𝐝𝐞 𝐏𝐬𝐲𝐜𝐡𝐨𝐥𝐨𝐠𝐲
Understanding FEAR and overcoming GREED are crucial in successful trading. A trader that trades based off of emotion is asking to fail. Stick to your strategy and keep emotions out of it!
4: 𝐋𝐚𝐜𝐤 𝐨𝐟 𝐏𝐚𝐭𝐢𝐞𝐧𝐜𝐞
Time in the market is very important. Do proper TA . Pick a Coin to invest in and let it ride! Most people begin trading and start getting in and out of stocks. Find a Crypto your passionate about and enjoy the ride!
5: 𝐋𝐚𝐜𝐤 𝐨𝐟 𝐂𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭
Any successful trader started out losing money, there is a learning curve. To many traders start out in the market and expect it to be a get rich quick scheme, it is not. You will fail, But if you can overcome failure you will succeed.
====
Follow for more resilience on CRYPTO! 🔥🥅
====
