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RE: Stories of a Failed Trader (Part I): 3 mistakes to avoid // Historias de un trader fracasado (Parte 1): 3 errores a evitar

in LeoFinance3 years ago

In our trading beginners we don't understand the space, don't do our due diligence and think that if we read something about a cryptocurrency we know it all. Wrong! That and considering alongside the emotions which make us panic is the perfect ingredient to lose it all. We should not float with the others, but set specific targets and take the win when we see it.

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I think it is fundamental to have an objective method of success, which will have a probability of error as well, and which will be based on many indicators. From there comes the management of risk and emotions as you said, but you should always have a plan and stick to it.