Altcoins Talks - Cryptocurrency Forum
Further Discussions => Trading (Not crypto) => Topic started by: Emma Glory on August 13, 2021, 01:00:41 PM
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Still not profitable with your trading
expecting advice from expert advisor
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The reasons for the trading to be not profitable are numerous and actually, you can do the analysis on your own. There are a couple of things that you should pay attention to, i.e. your trading strategy, psychological factor and the broker's trading conditions. The most widespread mistake lies in trading strategy. If the process of decision making is wrong, then you'll have bad results. Analyse which indicators or factors trigger your decision to whether open a trade or close. I'd advise you to make a trading journal, where you should write your decisions and factors that made you make this decision. The next thing is psychology. It is an open secret that emotional trading cannot be profitable. Some traders define such feelings as greed and fear. Greed comes when you had a couple of successful deals and you want to continue this lucky streak. In such a situation a trader usually forget about risk management and any kind of common sense and does stupid mistakes. You should definetely avoid it. The problem may be with your broker which charges you crazy commissions or spreads so there is nothing left for you. Anyway, if you really want the community to solve your problem, you'd better give more information about your current trading strategy.
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Find the exact reasons for your trading failures. That is the only way you can improve your trading results. As for experts, you didn't share enough information about your current trading strategy, so it is impossible to say the best ways for you to be a success.
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You should analyse your decision making process and find the reasons for the lack of success. The best way to do it is to split your trading strategies into small steps and see which ones bring the losses.