A lot of traders often overlook this one factor, which causes them to lose a lot of money in the cryptocurrency market!
if you're trying to find the one element that consistently causes you to fail. If so, you're in the proper location.
This is the reason.
Remember why you are in this market at all times. It is...
Not to lose, but to earn. The idea that you must have this specific capital in order to turn a profit has been ingrained in your head. Your mentality is always focused on how "huge" your capital is, rather than how "much" you can risk. Let me ask you now. Have you been trading only to make money or to demonstrate to the world how much capital you possess? You're on the correct track if you're the former. Regarding the latter. Your trading choices need to be reconsidered. I know someone with a net worth of over six figures but only contributes $50 to the market. He will only use 5% of this $50 as a trading margin. After he receives the outcome, he will simply accept it and walk away. After that, repeat the procedure repeatedly. This keeps him sane in the market and reduces the risks to his wealth. In contrast to those who leave $50 in their bank account and trade 90% of their net worth.
Stay wise, trade cautiously.