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If we make a loss in a trade, then immediately we enter into a new trade to cover the previous trade loss. When we open a new trade Without Technical Analysis then again that trade also closed in loss too.
And when profit is made from the trade in the same way, then immediately we trade at the same time to take more profit. A profit in the next trade turns into a loss.
To avoid loss, the first thing you have to do is to control your emotions. If you control your emotions , you can become a successfull trader.
How Should We Control Our Emotions ?
After a trade relax a little bit. Eat whatever you like, have a coffee tea. Spend some time with your family, then move on to your next trade, then you will learn a good lesson from it.
I have been trading for 5 years, but the best thing I have learned is to control emotions. If you can't control your emotions. Then you are Doing "Gambling" not trading.
You Can't Get Rich Overnight from Trading. But if you do this business like this, then sooner or later you can definitely become rich.
Previously we talked about emotions. Now I will see another aspect as the loss occurs.
And that's we blindly follow the to big traders. Seeing all the big accounts on Twitter, I got Bearish.
Someone was saying that #BTC would come 10k$, someone was saying that 12k$ would come and someone of them says btc will go to 50k$.
If you getting super excited when someone posts a Bullish tweet and Gets sad and angry when someone posts a bearish outcome, then definitely you are not a trader.
You are just hoping for things, "Dreaming"
Traders trade the range and make money in all markets
But sadly that most won't understand.
Understand The Way Of Trading !
Trading is not like this. We should always trading according to our levels. No #BTC will go to $50k in 1 day nor will it come to $10k in 1 day. In this round we do our loss.
We do not care about the market, Market will go up or go down we just want to make profit. only we should know direction.
If this ARTICLE gives you this smile then from now you will leave scammers who says btc will reach either $50k or $10k in 1 day.
"Remember One Thing Level By Level Trading Is The Best Option For Earning Profits"
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If We Make A Loss In A Trade, We Immediately Enter A New Trade To Cover The Loss When We Without Investigation Open A New Trade Then The Take A Loss In That Too And When Profit Is Made In The Same Way, Then We Trade At The Same Time To Take More Profit. A Profit In The Next Trade Turns Into A Loss To Avoid Loss, The First Thing You Have To Do Is To Control Your Emotions. If You Control Your Emotions , Then Only You Can Become A Successful Trader
How Do We Control Our Emotions ?
After A Trade Relax A Little Bit. Eat Whatever You Like, Have A Coffee Or Tea. Spend Some Time With Your Family. Then Move On To Your Next Trade. If You Can't Control Your Emotions, Then You Are Doing Gambling Not Trading
Over $1.02 billion liquidated from the crypto market in the last 24 hour, according to Coinglass
That is some real crash - we were discussing about $25k in today video whales would love to hit this target to panic everyone in crypto and here you go whales just want to test all our patience with this bear season .
Let's see and hope this $25k on Spot don't break as quick as this crash ! As if we go down then these levels then lot more blood will be there on streets !
One of Reason for dump can be - SPACEX SELLING THEIR BITCOIN worth approx $373M !
IAM COMPLETELY BEARISH NOW AS I PREDICTED ABOUT THIS DUMP IN MY PREVIOUS POSTS
I placed a p2p order sell order In feb and recived money after some days i learned that my bank acc was put in debit freeze, Bank told me that It happened due to Me transacting with some fraud guy and Has been order cyver cell hyderabad ( India ) and all my money would only be unfreeze when i get Green signal from them .
Now update -
I recieved call from bank that my account has been unfreezed , afterwards i learnt from News that the guy whom i transacted and who was fraud was caught by police and money was returned to righteous owners ๐คง
although i forgoted that money but getting it back was nice
When choosing altcoins for Trading, we recommend paying attention to the following Indicators:
1. Market Capitalization
If project is Currently valued high, that's not everything: it's worth paying attention to historical metrics - has the market Capitalization fallen before?
If so, demand for the Token decreases. You can check the Metric on Coinmarketcap on the page of a particular coin.
2. The Technology behind the Project
Developers of Hundreds of Projects that Appeared after Bitcoin don't come up with anything original, only a few solve real problems.
For example, Ethereum solves the difficulties that Bitcoin faces: it is more energy-efficient and its market capitalization grows faster than that of "Grandpa".
All of this costs money, which users pay in the form of "gas" - a commission. In turn, Polygon solves the problem of high Ethereum fees - and so on.
3. Project Goals
A project with a clearly defined goal and Implementation plan is a good sign.
4. Study the Project Team
If it is Anonymous, it should at least be a cause for concern.
In addition to the team and its leader, the project should have a strong community: the more it shines in the media, the better for investors.
5. Tokenomics
No less important factor when choosing a coin is tokenomics. You should find out how many coins are in circulation, how many more will be released, and when they will be released. For example, if only 10% of the total coin issuance has been released, the release of new coins in the future will put more pressure on the price than if the coin had already issued 90% of its issuance.
Boom ๐ฅณ Snx keeps dropping beautifully. We had 16% drop from our last analysis and it's going. Pay yourself and let the rest of the position to keep growing.๐
As Of Now Iam Of The Market As This Was August Month And Upcoming Month Was September Which Was A Very Bad Month For Crypto So That's Why In September Month Bitcoin May Reach 24K$ Before Start A New Rally.