Greed has affected a lot of traders
Here is how ⬇️
Greed has made a lot of traders unprofitable and unsuccessful
You will see a small trader with a capital of $50 place a long position on $SOL and when the trade start going in his favour, this trader makes
Profit of $5 and fail to take any(no problem)
Profit of $10 and fail to take any(no problem)
Profit of $20 and fail to take any (no problem) and
Finally profit of $40(+) and still fail to take any profit
At the end of the day, the trade would go back to his entry point and most times he will end up closing at a loss
Look here,the market is not your enemy
🫵You are your own enemy, do not let greed and FOMO eat up your capital
Stop thinking the market would keep going up for you to win alone,
what about people who placed short positions?
Have you heard about support and resistance?
The market goes up and down
Whenever you make profit take it,
you do not own and cannot control the market
Even if you make profit of $10,000 with $50 capital, the $10,000 profit is not your own until you take it
A lot of people need to read this
A lot of people need to understand the logic behind trading
We have order books, while you are placing buy orders a lot of people are placing sell orders
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