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Cryptocurrency Trading / Re: Do professional traders lose money?
« Last post by BitMaxz on Today at 06:24:56 PM »Trading costs a fee everytime you do a trade you pay a fee to do the trade.
Planning when to release a coin or a stock is important. Waiting to buy a coin or stock is important.
takes lots of discipline to not chase a losing position. takes a lot of discipline to not press a winning position.
takes a lot of discipline to say oh well and move on if you bombed.
the best traders are not the ones that whale like mofos in a bull.
the best traders are the ones that do not get crushed on down turns.
So yeah pro traders have very long losing spells maybe two years in a row or more. but they are pros and can handle it.
Honestly, at first, I can't move on losing much on a single trade it's very frustrating it is likely the same in gambling casinos if you are expecting to win the game but in the end, you lose everything that makes you feel angry, regret,ful and depressed.
That is why we should be ready for all possible outcomes and must endure the losses and always be calm and learn from mistakes and I learned to stop trade when the market is against my strategy and always limit my losses to 5% of total capital once I reach this limit I stop and trade on another day that's the rules on the day trading discipline is a must because sometimes without analysis when you put a position without validating it its totally gamble that the thing that newbie should focus on asking their self first "why would I put position here, there anywhere on this chart?" before making a decision to place a position.