The stability that a consistent trader possesses is definitely mental stability, not net worth stability.
Net worth may fluctuate, but the mood should definitely not fluctuate. Mental stability is what needs to be improved, and not everyone who comes to this market has a good mood from birth.
You just need to restrict risks within a narrow range at first, as you are not yet accustomed to your capabilities. You need to train yourself in a safe range, and use small odds to boost yourself. Avoid losses that exceed psychological expectations.
We cannot forget that trading is an interconnected process, where every step must be executed correctly and mistakes are not allowed. From opening a position to increasing a position, from sudden loss stops to potential re-entries, and to taking profits in a timely manner, in this series of steps, surprises can occur at any moment.
Assuming you have handled the previous part well and your plan is perfect, often, if one part is not handled well, the system will completely collapse. Therefore, trading is not just about opening a single trade, but you must be alert to any potential incidents at any time, and also, no incidents should exceed your risk management items.
If you can achieve that, your mood will definitely be very calm, at least in the near future, $BTC
Net worth may fluctuate, but the mood should definitely not fluctuate. Mental stability is what needs to be improved, and not everyone who comes to this market has a good mood from birth.
You just need to restrict risks within a narrow range at first, as you are not yet accustomed to your capabilities. You need to train yourself in a safe range, and use small odds to boost yourself. Avoid losses that exceed psychological expectations.
We cannot forget that trading is an interconnected process, where every step must be executed correctly and mistakes are not allowed. From opening a position to increasing a position, from sudden loss stops to potential re-entries, and to taking profits in a timely manner, in this series of steps, surprises can occur at any moment.
Assuming you have handled the previous part well and your plan is perfect, often, if one part is not handled well, the system will completely collapse. Therefore, trading is not just about opening a single trade, but you must be alert to any potential incidents at any time, and also, no incidents should exceed your risk management items.
If you can achieve that, your mood will definitely be very calm, at least in the near future, $BTC