Many think that the key to confidence in crypto trading is because of the strategy used and of course the factors
luck. The traders began to implement a number of strategies which turned out to be confusing for them. This presumption is not
always true, it turns out that there are two things that can affect the success of this crypto trading, which includes management trading psychology precisely and wisely.
More or less, I'm sorry.
There is not much I can give you, I hope this short explanation will help you. Here is a little explanation from me :
1. Risk management, where there are a number of special tips that can be applied by you as a beginner trader, including:
a. Do not trade excessively, because world trading, including crypto trading, will be filled with losses
financial. In order to trade fairly, you have to consider a number of factors including the opportunity factor, initial funds
which must be deposited as a deposit, as well as your physical and mental condition, and other influencing factors.
b. It is advisable to determine your level of risk, where here you are assigned to determine the level for each position
taken. This will help you decide when to close good trading positions
and right.
c. It is recommended to use stop and limit orders that suit your needs.
d. It is recommended that you also calculate your risk / reward ratio, which is usually the case for the participants
world traders, with a minimum ratio of 1: 2 which is 1 risk to 2 profit / profit.
2. Control of your emotions and psychological conditions when trading, where you have to get rid of your traits
greed and fear. These two traits will certainly influence your trading psychology where in the end
improve the way of trading without clarity of analysis and qualified strategy, divert you from the right system, as well
will make you ignore risk management. As well as taking away consistency and patience, fear will
makes you not focused on trading goals and results, so that you will never learn from trading mistakes
ever done.
Due to problems, to be able to control your emotions when trading including this cryptocurrency, you are advised to
have a trading plan; risk management system, and always stay healthy and fit no regrets used to carry out the execution
trading.