Few Tips I learnt from trading that blew my account.

[Kimonoe]

This is a fairly convenient manual, first of all - for a beginner. I think many people should read this to understand their vulnerabilities.

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The most important thing when you are a newbie is to continue to upgrade your knowledge and be brave to try, but since we are into crypto the most important thing is to understand that there is a significant price risk, always be optimistic and don't be greedy when you see profit will make us able to profit and become proficient one day .

This is very true.

The mistakes I've made when I was starting trading is being greedy, not making any technical analysis, and not setting stop loss and take profits even though I don't watch my trade 24/7 because I'm doing a lot of things. However, realization will come up naturally after you spent a lot of time and money in trading. You will eventually get the knowledge you want to at least make profits most of the time. It's all about patient, and continuous learning while risking your money.

It's a natural thing experienced by every beginner, I have personally experienced it even though until now consistent profits have not been achieved, but knowledge and experience are the best assets to start this business. many people can't stand psychologically, so after experiencing losses, they are traumatized by cryptocurrency, this is where we can take lessons by asking ourselves, where are we going, so that over time good discipline and psychology will be formed

[barbara44]

basically psychology becomes the most important in determining trading success. there will be many problems that will be faced or a problem that we repeat ourselves because we often make the same mistakes. that is why our mindset and our mentality are of utmost importance, because even with great strategies that may be the same as those used by famous people, but if our mentality is still problematic then it will be useless. therefore creating a framework and running it according to plan is the first step to forming trading intuition

If you are trading with emotions and think that you could do better than others based on your gut feelings then you will lose a lot. You are right that people make the same mistakes because we repeat ourselves, and that should be something to be careful about.

If we could realize the fact that market doesn't care about us, and the market doesn't go up and down based on whatever we do, then we will realize how cold and ruthless it could become. If you use that to your advantage and leave all of your emotions aside and start making a profit based on what you see and how market moves instead of what you "feel" it will do, you will start earning a lot.

[Silberman]

I agree. Everyone can be a trader but not everyone can profit and succeed, thats why some traders decided to be a hodler because its less risky. Im an active day trader before, but I find it hard and stressful, it also requires lots of time to monitor the market. Hence I switched to being a hodler, although it takes patience in order to profit, but its worth it if the bull market occur especially if you're holding a well-established coins that has a huge increase.

This is without a doubt something key, most people that enter the markets never stop to think if what they are trying to do is something that goes well with their personality or their current lifestyle, they are just interested in the money and nothing more, however by not taking into account their own circumstances then they are just making their failure even more likely, so when we take this into account the majority of the people simply do not have the right conditions to become traders and should become holders instead, which unfortunately is something they discover way too late.

[rojan]

This is a fairly convenient manual, first of all - for a beginner. I think many people should read this to understand their vulnerabilities.

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Newcomers here are newcomers so the most important part of their income is that they need to be updated and have the courage to try from here but the most important thing in the market is always optimistic to understand that there is a risk to add here and it is very difficult to talk to those who become profiteers and  They are always at risk

[jossiel]

Newcomers here are newcomers so the most important part of their income is that they need to be updated and have the courage to try from here but the most important thing in the market is always optimistic to understand that there is a risk to add here and it is very difficult to talk to those who become profiteers and  They are always at risk

There's always risk in the market.

Holders and traders do experience it.

And for you to understand that you should do it is that you need to be not greedy. Once you start thinking of it and you're being outsmarted by the market.

It is what's going to be the main catalyst of your trading adventure. And if you can't do it, you should just look for a better way to make money in the crypto market aside from trading.