The false belief of newbies in crypto investing is that they will make a lot of money instantly in a short period of time. It is true that it is possible in crypto because of its high volatility compared to fiat but this does not always happen all the time. So instead of waiting for crypto to rise, they sold it at a very low price because they couldn't wait. A lot of crypto investors are losing because of this mindset. They should have known that they would not lose money if they did not sell it at a lower price, but they sold it. We don't have to be like them, sometimes if we feel impatience, just do your best not to sell it because Bitcoin price will go up higher in the price we want.
My first thought when I started trading in crypto for the first time, was to get a lot of profit instantly because trading looks simple.
Whereas trading is not as easy as imagined, trading is very complex and there are several risks that may occur.
And also because of impatience waiting for crypto prices to rise, those beginners or traders who do not have any knowledge, are more likely to cut losses.
Trading is not only technical analysis and fundamentals, but also related to one's psychology.
Doing money management for investment or trading will be very important.
So that when the price continues to fall we still have money reserves to buy back.
Psychology and emotion handling!
This is where i do see one of the major factors on which you should really be needing to mold and enhance up because those strategies or ways or methods would be useless if your mind and emotion isnt really prepared
on what you are currently doing. Its true that once we do step our foot into this market then you would really be having that kind of impression that making profits would be simple but on the time that you would really be doing the trades then this is you would really be telling to yourself that your been fucked up. Along the way on the time that you are gradually acquiring some knowledge and experience, you would eventually
be able to realize things along the way and it would really be just that part of our instinct that we would really be making out some adjustments which it would really be a common approach.
Making yourself that progressive would be entirely depending on what you do.