Don’t do this mistakes in trading

Hey guys, good day! In this topic, I want to share things that others may already know and others don’t yet. And these are the mistakes that bitcoin and crypto traders make in the industry we belong to. Especially when you are just starting this business.

I made these reasons because you know we are stubborn, but here I am now, and I hope you will not imitate me or follow this, especially when you are just starting in this field of crypto trading. And for those who can relate, just give a comment or let’s laugh about it. Now we are okay, we know the cruel strategies in bitcoin and crypto trading, and we are making money.
So let’s write about the first mistake:

1. Trading money that you can’t afford to lose

Often the capital we trade is our only savings; if it doesn’t grow, we’re done or we’re broke, or hopefully it’s not what we pay bills for every month like electricity or enrolling in college. Of course, let’s never use it in crypto trading. Why? Is it because you will lose? It’s not that you will lose, because crypto/bitcoin trading is not just a simple strategy; it’s all about emotion, mind tips, and being relaxed, calm, and logical. Because once we put emotions into trading, like, for example, the words “I need to win” or I need this because I need to pay the electricity  bill,” there is a big chance that we will lose in trading. Because there is a big chance that greed will hit us here or fear will hit us, these are the things we don’t want to happen.

So what we want to happen the most is to follow our strategy in crypto trading. And for this to happen, we must not have an emotional attachment to our capital, especially when we are just starting out and we can lose just one bubble. Not necessarily that you will spend the money, but because we don’t want to have an emotional attachment to it. We don’t want to be nervous; we don’t want to be unable to sleep, as long as we want to relax. Just think that in crypto trading, as some say here, when you chase the money, it will get further away from you, which for me is true. So we should just be real, and it will come to you too. As long as, instead of chasing money or profit, you attract success.

2. Greed

It is very important that we avoid being like this or having it. If words like 2% per month profit is okay, then we will say that it is not possible. I want 100% per week; these are just examples. Especially when we see someone who takes a profit of 100% per week, that’s okay; it’s just that the risk is too high. And it doesn’t always happen like that; as long as our goal is “sustainability,” we don’t just rely on luck or maybe get lucky. Of course, we don’t just want luck; instead, we want to have a monthly profit or passive income.

So it’s also true what others say: crypto trading is difficult if you don’t have another source of income or you only have one source; you should still have at least two sources. Because when, for example, you suddenly make money, that’s where the get-rich-quick scheme comes in. We think that maybe my income will grow even more. If I continue to do this, maybe after 2 months my profit will be x10 or more. .  These are just some of the mindsets of people who want to make money quickly. That’s why there’s really nothing like that in any business industry we go to. Everything has a process, and everything is studied. So stop thinking like a rich quick scheme; this is just a piece of sh*t.

And often, when we have greed, we just gamble, and it’s hard like that because we think, “It looks like it’s going to go up, so I’ll hold first” or “It looks like it’s going to go down, and I’m going to sell.” That’s how we think, right? ?  Sometimes we even say, “I hope it goes down; I hope it goes down, then all of a sudden it will go up,” or something like that. So these thoughts are called gambling, or no strategy, no exit strategy, or when to enter the purchase, as in just hoping for luck. So never gamble with crypto trading.

Those are my experienced when I was starting here in this field industry…