Worth sharing! Just a reminder!
LIVEEasy Crypto Trading
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HABITS THAT WILL DESTROY YOUR TRADE
Trading is a tricky profession. Knowledge should go hand in hand with patience and self discipline in order to prosper.
Listed below are the 10 habits that will destroy your trading portfolio.
1. Over trading
Unless you're a scalper or a professional day trader, never trade several times in a day. Give it a rest. Trading requires a lot of your intellect and sound judgment. Unless you're a genius, the mind can only do so much in a day.
2. Aiming for unrealistic gains
Yup, the ultimate goal of trading is taking profit. Don't delay taking profit just because you're aiming for the 10,000 times. It's actually good if you aim that much, but make sure that the coin has the ability to grow that huge. I mean, a coin that has billions in market cap can no longer grow 10000 times. The world doesnt have that money. Look for a low market cap coin that has good potentials like pitbull token. DYOR.
3. Not putting a stop loss
Stop loss is a must in every trade. Dont skip it.
4. Skipping the trade plan
Before entering a trade, know your take profit point and your stop loss.
5. Executing FOMO trades
Dont catch a coin when its pumping hard. That's like gambling.
6. Not practicing DCA
Dont buy all at once. Always reserve some funds in case you're coin drops. That way, you'll be able to lower your entry price.
7. coin fanatic syndrome
Trading is not about collecting coins and tokens. No matter how cute those dog memes are, you're not buying them for memorabilla purposes. Come on, you're buying them for the profit. Let go and sell when you're in profit already.
8. Skipping the DYOR rule
Don't believe everything you heared or read. Always double check information, check contract, get to know the devs, and check the chart before deciding to put your money in a coin.
PLEASE FOLLOW ME. thank you🥰
#Write2Earn #TrendingTopic #BTC #TradingTips #Launchpool
Trading is a tricky profession. Knowledge should go hand in hand with patience and self discipline in order to prosper.
Listed below are the 10 habits that will destroy your trading portfolio.
1. Over trading
Unless you're a scalper or a professional day trader, never trade several times in a day. Give it a rest. Trading requires a lot of your intellect and sound judgment. Unless you're a genius, the mind can only do so much in a day.
2. Aiming for unrealistic gains
Yup, the ultimate goal of trading is taking profit. Don't delay taking profit just because you're aiming for the 10,000 times. It's actually good if you aim that much, but make sure that the coin has the ability to grow that huge. I mean, a coin that has billions in market cap can no longer grow 10000 times. The world doesnt have that money. Look for a low market cap coin that has good potentials like pitbull token. DYOR.
3. Not putting a stop loss
Stop loss is a must in every trade. Dont skip it.
4. Skipping the trade plan
Before entering a trade, know your take profit point and your stop loss.
5. Executing FOMO trades
Dont catch a coin when its pumping hard. That's like gambling.
6. Not practicing DCA
Dont buy all at once. Always reserve some funds in case you're coin drops. That way, you'll be able to lower your entry price.
7. coin fanatic syndrome
Trading is not about collecting coins and tokens. No matter how cute those dog memes are, you're not buying them for memorabilla purposes. Come on, you're buying them for the profit. Let go and sell when you're in profit already.
8. Skipping the DYOR rule
Don't believe everything you heared or read. Always double check information, check contract, get to know the devs, and check the chart before deciding to put your money in a coin.
PLEASE FOLLOW ME. thank you🥰
#Write2Earn #TrendingTopic #BTC #TradingTips #Launchpool
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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