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Bitcoin has seen an uptick of volatility over the weekend while some of the Alt’s pumped. We are heading for better market conditions.
Bitcoin in a pullback, is this a breather or a consolidation phase? While Bitcoin is undecided, Coinbase announces the adoption of ADA, shooting its price into space.
BTC is in a pullback, and it reminds us of last year. It is time to put things into perspective. A 10% pullback is better than a 50% pullback…
The markets are moving, I am very excited to trade today, hope you feel the thrill too.
The Altcoin market is pulling back while Bitcoin is still consolidating at around 32k. LINK and DOT look as if they would position themesleves for some higher moves, will we see some long trends forming or is the market giving back more?
Here are some “Do not do” while starting out trading or investing.
Trading and investing is not easy; it takes time and can be nerve-wracking. Keeping a calm mind and doing what you are supposed to do are crucial to success while exchanging. However, human psychology often does not work like that. We tend to act out of impulse reactions and emotional bursts that disrupt our understanding of reality. Bending reality and telling yourself that you are doing the right thing has nothing to do with investing and especially trading. So, how can you combat that? How can you stop being emotional? How can you improve your decision making? Trading or investing with an approach will help you become better at what you do. Plan your trade and trade your plan. Find the edge and learn from your mistakes. Investing and trading are about reducing the probabilities of your exchange going negative. Learn how to minimize those risks, and you will improve.
Now let us explore why so many newcomers stop trading after a few months after losing most of their money and having bad experiences. Here are 3 reasons:
There are many more reasons why newcomers might struggle in the beginning. I have been through many of these reasons, and I have learned from these experiences that becoming a better investor or trader is about how well you speak the language of the market you are trying to trade. Learn about your market and approach it the way it suits best for you. You will start to understand risk and control it, and you will not get caught up in analysis paralysis because you don’t have to anymore.
Trading is my passion.
I switched to trading cryptos because of the volatility and the returns it brought me. If you want to learn more about it, check out my website or my Youtube.