🔮 Is Luck a Factor in Crypto Trading?

While traders invest considerable time creating #trading strategies for successful trades, some argue that luck plays a role too.

⚖️ Trading involves making accurate predictions.

For instance, if a trader loses 100 trades with a $20 capital, it results in a $2000 loss. Conversely, winning 100 trades with a $100 profit each yields $10,000 in profit.

🎯 However, risk management and psychological aspects are crucial in trading.

It's essential to detach oneself from compulsive profit-making desires.

🏗️ Constructing a systematic trading structure involves:

👉 Establishing a consistent trade frequency (e.g., two trades per day or weekly)

👉 Maintaining consistency regardless of profit or loss outcomes.

#Cryptotrading #Binance #Educational #GOATMoments

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