...So the problem is we have to be able to restrain ourselves. And we should only enter into trades when we are truly psychologically prepared. should not be too excited but also should not be too lazy in making analysis and trading. Everything must be done quietly...
It is obvious that beginners want to earn a large amount of money as soon as possible. Therefore, they believe that if they open new orders more often, the faster their goal will be achieved. The fear of lagging behind the market movement leads to mistakes that entail the loss of money.
It's true, a lot of people, especially newbies, think that they need to make a lot of trades in order to earn a lot of profit that too in a very short period of time, and they ignore the fact that it also increases the chances of them making wrong trades and losing money which makes it completely useless to execute many trades. When you are earning $30 from 10 trades and then losing $20 in a single trade, it makes all your hard work go in vain.
The very first thing newbie investors need to keep in mind is that cryptocurrencies are not a get-rich-quick scheme and they need to keep calm, it can help them get financial stability but only if they try to understand things more clearly instead of rushing things and trying to make a quick profit.
Just let them on what their first impressions and believe could be on which they would really be soon realize on whats the reality of this field on which it never been that easy for you to deal with.
It is really that common that newbies would really be having that kind of impression in towards things knowing that it is really that first time. On the time that they would be having that actual experience
then these sentiments would really be changing and they would be able to adjust and act accordingly on how it would really be looking like. Occurrences of similar situations or results arent that shocking
on which you would definitely be able to experience it out along the way but it doesnt really mean that something.
The thing you should have in mind is to adapt and be versatile on whatever things that is facing on you. If you do find yourself that trading is really that hard then you should really just simply adjust
and do all your best and might on making yourself that sustainable because not all would really be that sustainable and able to survive this unpredictable space or market.