This bad habit will cost you a lot in trading

[$crypto$]

For someone not be a trader, then you have to be a disciplined person, this is very important because it will go a long way in helping you acheive your targets as a trader and you will not be taking unnecessary actions base on your feelings without having a strong reason for doing that, also, there are targets we have to meet up with in our trading performance over time and the attitude we give towards trading will determine if we are going to achieve them or not.

what you said is right, in trading we must be disciplined and have a target.
because in trading we are always faced with bad emotions such as greed and fear. if we are not consistent with the target, we will lose the opportunity to get profit because greed makes us lose.

We can make a target something that prevents us from being greedy, or in other words it can be a limit where we have to stop, either when we get a profit or when we feel a loss.

However, we also have to hold that target, because there are also some people who set targets, but they are not consistent in holding them so that they should have made a profit, they actually continue trading so that losses come to them.

[taufik123]

-snip-
However, we also have to hold that target, because there are also some people who set targets, but they are not consistent in holding them so that they should have made a profit, they actually continue trading so that losses come to them.

The simple rule is to stick to the main target and never waver if you really want to hold on to it in the long term.
But indeed most people who initially look strong will collapse when they continue to show continuous decline so they panic and this is the result of mismanagement, not having a reserve of money to buy again.

Selling at a loss price will only add to the losses and make it worse, there will be no return if you have already sold it.
But maybe some stop loss at the beginning if it's already set can help buy again at the bottom, but whether the stop loss is set or just buy and then just leave it.

[rizqillah]

-snip-
However, we also have to hold that target, because there are also some people who set targets, but they are not consistent in holding them so that they should have made a profit, they actually continue trading so that losses come to them.

The simple rule is to stick to the main target and never waver if you really want to hold on to it in the long term.
But indeed most people who initially look strong will collapse when they continue to show continuous decline so they panic and this is the result of mismanagement, not having a reserve of money to buy again.

Selling at a loss price will only add to the losses and make it worse, there will be no return if you have already sold it.
But maybe some stop loss at the beginning if it's already set can help buy again at the bottom, but whether the stop loss is set or just buy and then just leave it.

If we want to hold long term we have to be consistent with our target, because the crypto market is very volatile and we have to stay calm and not panic. Selling at a loss will increase our losses, so we should have enough capital for long term holding.

[Mia Chloe]

If we want to hold long term we have to be consistent with our target, because the crypto market is very volatile and we have to stay calm and not panic. Selling at a loss will increase our losses, so we should have enough capital for long term holding.

You do have a point. The volatility of most crypto currencies in the ecosystem is one of the major reasons why most people prefer to scalp especially if they are working with recently launched tokens and coins. Most Traders scalp because many analysis can't actually hold a setup that long for you to be able to swing.

Besides this , most long term tradings are usually done on popular and very big cryptocurrencies like bitcoin and Ethereum.

[$crypto$]

-snip-
However, we also have to hold that target, because there are also some people who set targets, but they are not consistent in holding them so that they should have made a profit, they actually continue trading so that losses come to them.

The simple rule is to stick to the main target and never waver if you really want to hold on to it in the long term.
But indeed most people who initially look strong will collapse when they continue to show continuous decline so they panic and this is the result of mismanagement, not having a reserve of money to buy again.

Selling at a loss price will only add to the losses and make it worse, there will be no return if you have already sold it.
But maybe some stop loss at the beginning if it's already set can help buy again at the bottom, but whether the stop loss is set or just buy and then just leave it.

If we want to hold long term we have to be consistent with our target, because the crypto market is very volatile and we have to stay calm and not panic. Selling at a loss will increase our losses, so we should have enough capital for long term holding.

Peace will be obtained if we are indeed ready for all possibilities that will occur, but if we are not ready for all that, then we will continue to panic and maybe we can't even sleep because we keep thinking about the market.

That is why it is highly recommended for someone to have a very good mentality when putting their money into the market and the mentality will only be owned by people who are truly ready.

[rizqillah]

[
Peace will be obtained if we are indeed ready for all possibilities that will occur, but if we are not ready for all that, then we will continue to panic and maybe we can't even sleep because we keep thinking about the market.

That is why it is highly recommended for someone to have a very good mentality when putting their money into the market and the mentality will only be owned by people who are truly ready.

Experience that will make us ready for all conditions in the crypto market. With knowledge and experience we will have a good mentality.
I remember many people's messages, use money that we can afford to lose so that we don't panic and have a good mentality.

[taufik123]

If we want to hold long term we have to be consistent with our target, because the crypto market is very volatile and we have to stay calm and not panic. Selling at a loss will increase our losses, so we should have enough capital for long term holding.

Yes, stay consistent and stick with the main targets that need to be achieved.
But most people or those beginners will only give up when the price continues to fall like it is now, they have no reserves anymore and only see their assets drop by more than -50%.

It's sad, but for those who have to do what in a situation like the current one, of course, surviving and continuing to accumulate purchases gradually will be the best strategy.

[sampoerna]

You do have a point. The volatility of most crypto currencies in the ecosystem is one of the major reasons why most people prefer to scalp especially if they are working with recently launched tokens and coins. Most Traders scalp because many analysis can't actually hold a setup that long for you to be able to swing.

Besides this , most long term tradings are usually done on popular and very big cryptocurrencies like bitcoin and Ethereum.

Trading is a big risk and what coins that we choose will really influence the result. if it is BTC and ETH. Those are actually safer than other altcoins. But of course, risk management must be needed importantly to be able to consider and manage what coins to trade, what strategy, what margin, and what TP/SL. More to deeper analysis if we are going exactly to trade. And once to remember, if we are especially newcomer, never try Future trading at first.
The high volatility, liquidity, will really make us stressful sometimes. that is why when trading, we must be aware enough and having great and wise mental management tin order to

[Nheer]

[
Peace will be obtained if we are indeed ready for all possibilities that will occur, but if we are not ready for all that, then we will continue to panic and maybe we can't even sleep because we keep thinking about the market.

That is why it is highly recommended for someone to have a very good mentality when putting their money into the market and the mentality will only be owned by people who are truly ready.

Experience that will make us ready for all conditions in the crypto market. With knowledge and experience we will have a good mentality.
I remember many people's messages, use money that we can afford to lose so that we don't panic and have a good mentality.

Risking what you can afford to lose is just the point. Even with SL and TP we still need to acknowledge risk management to avoid your capital getting swept by the market. Trading with risk management will really help and keep you going in trading and it will help and protect your money and make you feel safer.
Having knowledge will give you higher probability over your capital and you will have much higher chances over the market cause knowledge is the perfect key in every situation both trading and also investment. Investing or trading on what pair you have knowledge about will really guide your investment and help you achieve better goals.

[$crypto$]

[
Peace will be obtained if we are indeed ready for all possibilities that will occur, but if we are not ready for all that, then we will continue to panic and maybe we can't even sleep because we keep thinking about the market.

That is why it is highly recommended for someone to have a very good mentality when putting their money into the market and the mentality will only be owned by people who are truly ready.

Experience that will make us ready for all conditions in the crypto market. With knowledge and experience we will have a good mentality.
I remember many people's messages, use money that we can afford to lose so that we don't panic and have a good mentality.

Risking what you can afford to lose is just the point. Even with SL and TP we still need to acknowledge risk management to avoid your capital getting swept by the market. Trading with risk management will really help and keep you going in trading and it will help and protect your money and make you feel safer.
Having knowledge will give you higher probability over your capital and you will have much higher chances over the market cause knowledge is the perfect key in every situation both trading and also investment. Investing or trading on what pair you have knowledge about will really guide your investment and help you achieve better goals.

Yes, that is something that must be done, because if we use money that we cannot afford to lose, then we will feel emotional when we experience a loss.

On the other hand, if we use money that we are ready to lose, then we will be able to accept it more when we experience a loss. Disappointment is certain, but that disappointment will not make us frustrated.

[doc]

Yes, that is something that must be done, because if we use money that we cannot afford to lose, then we will feel emotional when we experience a loss.

On the other hand, if we use money that we are ready to lose, then we will be able to accept it more when we experience a loss. Disappointment is certain, but that disappointment will not make us frustrated.

The goal of every investor is to make a profit, but if we use money that we can afford to lose, it will make us calmer and not panic when the crypto market goes down.
This is actually difficult if we don't have free funds.

[$crypto$]

Yes, that is something that must be done, because if we use money that we cannot afford to lose, then we will feel emotional when we experience a loss.

On the other hand, if we use money that we are ready to lose, then we will be able to accept it more when we experience a loss. Disappointment is certain, but that disappointment will not make us frustrated.

The goal of every investor is to make a profit, but if we use money that we can afford to lose, it will make us calmer and not panic when the crypto market goes down.
This is actually difficult if we don't have free funds.

Well that's why we are also advised to have a reserve fund, because the market is not always in our favor, and there are times when we have to be patient for a long time to wait for the market to recover.

With a reserve fund, we can be calmer and we can even use it for additional investments, such as buying bitcoin at a lower price than before.,