Deadly Mistake in Trading: Trying to Correct Mistakes Instead of Cutting Losses
One of the most disastrous mistakes traders make is trying to "fix" an initial bad trading decision. Instead of accepting the loss and cutting their losses in time, they try to find ways to "save" the losing trade, such as: Top Up:Â Hopefully by adding more money to the account, they can âaverage outâ and eventually break even or make a profit. Find new entry points: Continue analyzing to find new entry points, hoping that the market will reverse and turn a profit.
Investing: A Game of Probability and Risk Management
Investing is not a game of pure chance, but it is also not a sure path to success. In fact, investing is a game of probability, where we make decisions based on information and analysis, but the final outcome still depends on many different factors that we cannot fully control. The harsh reality of "opportunity"
FOMO Psychology and Crowd Investing Behavior: Why Are We Easily Swept Away?
In modern life, especially in the financial field, we often hear the term #fomo (Fear of Missing Out). This psychology, combined with herd instinct, has caused many people to make unwise investment decisions, even leading to unfortunate consequences. So why do we easily fall into these traps? Ego and comparison
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