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Author Topic: ‎One Thing That Keeps Me Going While Trading  (Read 242 times)
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Today at 12:55:57 PM
 #41

Some traders mainly focus on profits, subbing the right ways to escape the calamities of trading. If profit is the only option that motivate a trader, then the trade might likely fall into a massive problem, because he will make decisions that is not in order.

Sure, because they just chase the profit since that is what makes them become a trader, and if you're someone that always chases profits, you will never focus on your plan anymore. You don't have a good strategy, and that is what makes you lose time to time. Any trader loses, but people that survive most are those that always use risk management, and even if they lose, they accept the loss as a cost, not those who chase their money. And traders that think about profit all the time panic when they don't get it right, and they will start to change strategy every time just to get what they need without getting a proper planning, and never get consistent.
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Today at 01:02:37 PM
 #42

In summary
‎This should be your motive while trading.. Stay focused/Stay consistent/ keep going and stay positive.
‎
Then there is something you could missing here because trading is not about forecasting the market on what would happened next for you to enter trade, when you do analysis there are some facts that you need to also consider while trading. These including; the general public, news and the type of coin you are trading at the moment because the market is not always going as we may plan.
It is better to understand the market very well before jumping into any trade, because you may enter trade and the market go another direction that you never expected which could make you to lose everything at a go, again you should know the coin/token you are trade all this matters alot.


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