Crypto Trading skills 1 || Trading Psychology

Trading cryptocurrencies is one of the most technical activity i have ever go through in my life this is because it takes so much activities for the trader to actually successfully predict the price movement at a particular period of time.

Also most time when crypto trading is heard or spoken about the only thing seen is only chats and indicators making people think that it has to do with only chat and indicators. But today I say to you it's a lie because the emotion, psychology and mental health of the trader is very essential to remain trained or in a good state.

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From my experience crypto trading is very much difficult than it always look from the outside because newbies and outside believes that seems like a get quick program that people guess or predict just like sports gambling but the truth of the matter is that crypto trading is actually very far from that. It takes a lot of knowledge emotion and mental health to face crypto trading succeed at it very well.

Below I would be listing some factor attributes characteristics of skills that one needs to have before thinking out typing into crypto trading or any aspect of crypto trading.

The first on my list for my experience would be I would advise anyone coming to crypto trading to have train their emotional well-being and I mental way of assuming and taking risks. When are this point you also need to look on or work on your greed level this is because most Traders end up warning on laws because of greediness that hinder them from cashing out or making withdrawals while they were a little profit in the market. Some Traders grow very greedy when they start green profit they growth tempted to keep holding unto that trade even when it seems like the chances of success looks so so low.

Greed is the act of wanting more always without having the urge always to get certified or contented with what you have on hand it could lead one to lose everything valuable to them because when they grow the greedy they tends to forget or ignore the value of what they have at hand this therefore cause those access to get devalued and misuse.

Another emotional and the mental health and training why I should give to him before placing a trade is, "remember I am just placing a trade with riskable amount of asset and money and if the trade goes wrongly I believe I would still be good financially and mentally"

I do this to prepare myself for the worst case scenario while hoping for the best output for my trade, whenever I do this and I go into profit I feel very happy and glad also whenever I unfortunately on mistakenly run into loss or stop loss I will still go around smiling and totally forget about the loss.

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This I do to help me generate peace of mind and reduce the chance of thinking too much about the loss I got for my wrong analysis . This is very essential because crypto trading has the potential to write one blood pressure so fast that is good even lead to death or something stroke.

The last mentor and emotional trick you should use why trading in the crypto market is that crypto Traders don't place to revenge to quickly recover their lost assets. This is because that anger and zeal of revenge could lead you to make bigger mistakes that would cause you powerful loss that's good make you get liquidated.

In summary what I'll say is every trader or upcoming trader she learn to control their crazy attitude and be ready to take profit whenever it's generated no matter the value