1.This is sincere advice from an experienced trader

.For those who are just starting out.

The reason why I often talk about MONEY MANAGEMENT is because I know many of you have not experienced the feeling of 'bankrupting' your account, losing money without understanding why, losing faith in the market...

Therefore, my advice is: Divide your money into 5 parts when participating in the market.

Take 1 part and see it as the only money to participate in the market. (Forget about the other 4 parts)

- Deposit money into the account and invest freely. Play like a person who wants to invest.

You will experience 2 feelings:

Excitement when making money easily, the market is so good that you can make money just by holding your phone... To the point where you think about dropping out of school, quitting your job to focus 100% on trading.
Experience the fear and confusion when losing all your invested money along with the interest.

I am sure that once you may not fully understand. So, take one more part and continue investing. After that, you will go through the story again.

I hope that after a few experiences, you will understand better. Please read again about money management and try to adhere to it.

Many people only advise you but do not guide you on how to do it. This is the most correct way to do it.

2. Greed: Gamblers tend to want to make quick profits and may not accurately assess risks in their trades. They may continue to invest despite knowing that the market is declining, simply because they hope prices will rise again.

Psychology affected by the market: The Crypto market can change very quickly and strongly. Therefore, investors can become more emotional and easily influenced by those changes. If prices drop, they can become anxious, uneasy, and may make wrong decisions based on emotions rather than accurate information and analysis.

High risk: The Crypto market is a very risky market, so gamblers may feel pressured to make decisions, especially in situations where they are losing money. They may feel pressured to make quick decisions without enough time to analyze information and understand the market.

Confidence and naturalness: Successful investors may become overconfident in their abilities and easily become gamblers, seeking new and bigger trading opportunities without assessing risks. They may be captivated by previous success and believe they can make more money in the future.

Therefore, to become a successful investor in the cryptocurrency market, not only is knowledge of the market and analysis needed, but also an examination of emotional supervision.

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