5 Mistakes I Made as a New Crypto Trader (And How You Can Avoid Them)!!

[Vx1]

When first trading crypto, everyone must have made mistakes. and the most common is trading with passion without thinking long. Buy coins with the hope of getting profit soon, but the reality is different from expectations. Money is lost and regret, but if we have a professional trading talent, then those mistakes will be our experience so that we can trade better next time.

This is why, at the very beginning of trading, people do not think about possible losses and are guided only by the desire for fast and high profit. The lust of money can force us to act recklessly even though trading is not a job for the impatient person. Every failure we encounter becomes somewhat useful as they give an insight on how to deal with risks more cautiously. If you are able to learn from these mistakes you will over a time have a better strategy in avoiding being negative influenced by emotions or market euphoria.

But sometimes there are still people who do not want to learn from experience, have suffered great losses in trading because reckless steps are still repeated. This usually happens to people who are greedy in trading. Many opportunities that should be moments to gain profit, but the moment is finally lost because of excessive lust.

[Faisal2202]

That is it!
You know when people do not always find their place they usually finds it difficulty while trading and whenever they have totally discovered where they are best fit you see them doing well and excelling in what they are doing. Just as you have said, it's good you knew it on time and focused on long term holding than keep jumping from place to places and keep losing money which is extremely bad to say.

+1 karma for you.

I did keep losing money, which is bad but I was like made 2x or maybe more from investing long term but made 2x or maybe more in trading, so I make profit in long term and make lose in short-term trading haha.

BTW thanks for the +1, speaking of finding the interest sooner is the good thing, once we know this is not for us, just leave it, if we can do something else as in alternative and arn't making enough money from one we should move on but sticking to it might give a chance.