Many traders are still puzzled by this intriguing question. Every time you start a trade, the market works against you, but as soon as you start selling your coin, it starts to rise. Yes, this thing occurs as a result of ignorance and inexperience.

Before I explain some of the reasons why we keep failing at trading, I want to be clear that in order to obtain anything, you must first learn how to do it and overcome obstacles along the way. I find it extremely strange that people enter the cryptocurrency market without first learning and gaining knowledge in order to seek financial gain.

It will never happen to you that you will start earning money from the cryptocurrency market without having taken any courses. Rather, you will lose the money you invested in the market. There are numerous reasons why we fail in trading and lose money. If you pay attention to these points, you will begin to earn slowly and will be able to see how much profit you are making monthly.

BEFORE DOING TRADE, YOU MUST LEARN

The first and most important point to remember about trading is that you must learn trading courses and be familiar with various trading perspectives. You must be knowledgeable about current events that are closely related to trading markets. You must be familiar with various indicators and understand how to generate buying and selling signals. During the trade, you must learn about market sentiments and when to swim with whales. Remember that learning equals earning.

TRADES WITHOUT A PLAN

There are lots of traders who want to gamble in the market, and while they occasionally win, it is not a long-term fix. You will make some initial gains, but as you keep playing the game, you will become trapped. No matter if you are taking a position for the long term, the short term, a day trade, a swing trade, or a trend trade, you must have a proper trading strategy. Before you begin trading, these are crucial.

EXTREMELY LARGE POSITION SIZE

It is critical to note this because some traders, after turning their trades into profits, do not know where to close the trade. You must be aware of the size of your position, as well as your entry and exit points. Don't be greedy for more and more profits, and don't be unsure about where to exit the trade. In a day trade, if you set your position size too large, you will never profit. The same is true for other trades in which you must be aware of your trading position size.

FAILURE TO RECOGNIZE THAT THE MARKET TREND HAS CHANGED.

There are traders who only trade without understanding the market trend. We must understand that market trends never remain constant, and even in intraday trades, market trends change. You must be aware of the market's changing trends. If you are good that the market is going down, we should short, or the market is going up, we should go long, you will have a profit ratio of more than 90%.

THERE MUST BE A PROPER CHECK AND BALANCE

It is very simple, but many traders avoid this point and do not implement proper checks and balances. You must have proper check and balance over your trades, which has many advantages, including

• You will be aware of your successful and unsuccessful trades...
• You'll know whether to continue trading for the day or call it quits.
• You will be aware of your monthly/daily profit rate.
• You will be informed of your trading progress.

These are the things we need to keep in mind and always abide by if we want to succeed in our trades. I hope you find the post to be useful and instructive. If you found the post useful, please remember to share it on your blog so that more people can read it and benefit from it. Don't forget to upvote as well, as this will benefit my finances and account growth.

• NOTE: PICTURES ARE TAKEN FROM CANVA AND EDITED IN CANVA.

DISCLAIMER

Please keep in mind that I am not a financial advisor. Never, ever take anything I say as financial advice. Conduct your own research. Before making any investment decisions, consult with a professional investment advisor! My posts are strictly for entertainment purposes!

Thank You!
Best Wishes.

Posted Using LeoFinance ^Beta