So you have finally completed that trading guide and how to analyze the chart with some indicators. You are ready to risk it all, with proper management, but there are certain things tutors wouldn't tell you. They will teach you how to set your position, when to enter and exit the market, how to take profits at double top and enter to position at double bottom and finally when to take profit with stop loss.
However, non will teach you how to control your emotion when the market go against you.
This happens to many new traders including me, it took me time to admit to some mistakes I made in my early days, this is when guilt and regret set in, which is unavoidable in crypto industry because of market volatility and fake out.
Risk what you can only afford to loose so that your mistakes turn you to better trader.
A trader should either exit trade with :
- A small loss
- Even
- Huge profit
- Little profit
Ps: Reading books on how to trade crypto is never enough to make you a pro trader, indicators can fail you as well.