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Cryptocurrency Trading / Re: Do professional traders lose money?
« on: May 18, 2024, 11:51:23 PM »Loyal traders always expect the best from trading very quickly. Because of which they invest in highly volatile coins and they do risky trading like Margin Trading or Future trading which is very high risk like gambling. But those who are professional traders try to avoid future trading. Because they know about the scary aspects of future trading and they never panic. Always trade relaxed and research very well before trading any coin. So even if the professional traders lose, the amount is very less. but non professional traders are loss must of the time because they are panic traderBeginners always want to make quick profits, without doing research and just reading hype news. That's why many beginners experience losses at the start. a professional always learns from past mistakes and defeats, and tries not to repeat them, I agree with your opinionFor newbies I think is impatient for them to thoroughly understand the basis of trading before jumping into funding their account and just choose whatever coin they think could give them what they want without them making more adequate proper research. And of course professional always understood that their lost is a great lesson and would quickly adjust to finds out their mistakes and then correct it.Agree with you, becoming a professional requires sacrificing time and capital. because with that we will gain experience. It's not easy to become a professional, even those who have been in crypto for more than 8 years, many have not yet become a professional, including me.
Learning, knowledge, experience and sacrifices can make you professional traders but for becoming professional traders you must have enough time, money and knowledge and without any of these you will always remain as a newbie in trading.
Actually becoming an expert requires time because new things and new coins are arising and even experts don't know which coin will be suitable for trading so they sometimes lose their money.
But the main difference between professional and newbies is that professional traders take their loss as a lesson while newbies try to recover the money without knowing the reason behind their loss and without decreasing his repeating mistakes.