Trade without emotion : Part 1 of 3 series
1) Trade without emotion : Key point to trading success. One must take the emotion out of trading. You have to trade logically. Almost like a robot. Just be mechanical with your trade decisions. Never fall in love with a coin or any position you may have. You have to make moves based on market conditions and your dedicated research and evaluations. Go with the information you have and make your decisions accordingly. Be logical and strategic. Try your best to eliminate your emotion.
People who trade with their emotion will lose a lot of trades. They "panic sell" and get out of positions that eventually will recover, and go up to new highs. You must be fearless in crypto to win. Stand by your positions. You've done your research and you believe in your coin. Nothing has changed. If the fundamentals are still the same, why are you liquidating your position? Believe in yourself and stay strong. Hold because in crypto based on past historical data, basically every coin recovers.
I see this all the time with "newbies." They hear bad news and follow what the crowd is doing and they sell and inevitably lose. Eventually one learns to correct this mistake and make better trading decisions going forward. Follow this tip and you will see your trading will improve as well as your profits.
Part 2 of 3 series to follow.
Disclaimer : Never invest funds more than what you can afford to lose. This post is my own personal opinion/speculations/ insights . Please do your own research before making any investment decisions. I am not a financial adviser, nor am I giving any financial advice. If you make any trades after reading this post, you accept accountability and responsibility for any lose that you may incur. By reading this post you acknowledge and accept that.