All the mistakes we should stay away from

in hive-183397 •  2 months ago 

Assalamu Alaikum


How are you? By Allah's grace, I'm doing very well. Today I will discuss with you some common mistakes that we all make in the crypto market. That is why most people lose money in the crypto market because of these mistakes and none of us think about avoiding these mistakes. We do not even understand what we should do in the crypto market. Let us now discuss how to get rid of losses in the crypto market. The mistake that all new traders make in the crypto market is that they sell all the gainer coins they have in the market and buy quite a few loser coins. The most important thing here is what you will do in the crypto market? That is, if you are a trader, you have to follow a trading strategy and you can trade with any pattern, any news that will support both short term and long term.

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You can start working on two things in trading, one is future trading and the other is spot trading. If you want, you can do future trading or spot trading, but you always have to follow the same rules. Because trading does not mean holding, to trade you have to move based on a particular pattern. First you have to understand and then identify whether you will do short term trading or long term trading, but everyone thinks trading is easy. Everyone thinks I am a genius about trading. When you take a trade, then after a few hours you will go to the market and see whether you will be in profit or in loss.

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Let me give you an example, when BNB went up again after going down a few days ago, many people sold BNB coins. Then they will buy any layer 1 blockchain from below. They will buy a coin that is always down or does not pump that much. These things are usually a trend in the market and this trend is the weakest trend. It is a simple matter that when you invest in 10 coins, not all of them will pump, as you all know. However, we all always make the same mistake that we sell gainer coins in the market when the coin pumps. And instead we buy some loser coins which is our big mistake. We all know that if we buy 10 coins, not all of them will pump coins. Out of these, 5 or 7 coins may pump and the rest may be dumped. So before entering the crypto market, we all have to check these things and take action.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.

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Upvoted! Thank you for supporting witness @jswit.

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It is a great post of All the mistakes we should stay away from
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