Trading Lesson🔍

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A lot of youngsters trying to approach trading with a fixed daily income approach. Their aim is to earn a fixed percentage every day. This looks very easy on paper but is not a good strategy.

Eg. Their approach is trying to get a 1% return every day. So a capital of $100,000 USD should earn you $1000 every day, assuming 1% would be easy to earn with leverage.

Reasons this will fail:

The Crypto market is highly volatile and if you don't use a stop loss, the market sometimes dumps in double figures.

You will miss big profits just for just 1% (missing a good breakout)

Over-trading will lead to emotional and mental stress.