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Cryptocurrency Trading / Re: Do professional traders lose money?
« Last post by $crypto$ on Today at 02:18:56 PM »I agree, they are professional and have a lot of experience, but that doesn't mean they will avoid losing money. No matter how great they are, I think they still experience unexpected things, considering that the market is very difficult to predict.That's right, just because someone is an expert in something doesn't mean they will always be right about everything related to that, so even if someone has a lot of expertise about the cryptocurrency market, their predictions wouldn't always be correct because the market is unpredictable, and many times, it moves in directions that weren't expected by anyone in the market.Learned with how many expert in trading of cryptocurrency still selling premium signal group its mean most of them want to earn profit by sharing signal and not confidence with their self consistent earn profit with trading. I don't see any professional of expert in trading not loss yet their money, many unpredictable happening in cryptocurrency when whales make bad or good news suddenly easy for bitcoin raise up and down.
The recent dip in Bitcoin's price is a big example of this. A lot of people got liquidated in the dip because they had longed Bitcoin and many other cryptocurrencies but it fell down and they all lost money, one trader even lost $1.1m during this.
Market unpredictable and spot trading for professional trader get chance loss their money, but when reach an expert level in trading understand well how to minimalize with loss.
They can only minimize risks, not completely avoid risks. and when they experience something undesirable, they will recover more quickly because their mentality is already well formed.