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10% to tron-fan-club | What think we should avoid during crypto trade

danish578 - 2024-04-14 19:53:24



In the turbulent market of crypto trading sometimes wins can be big and others losses are even more so, it's important to be careful and plan your steps. Beside that, the risky trading operation based on emotions instead of data is the next most important fail to be fixed. Emotions can lead to short termed thinking, as, to make up for a decline, some investors may sell off their assets in panic or, driven by greed, buy shares at the peak of a rise. In both cases, losses are usual.


![](https://cdn.steemitimages.com/DQmZ9HAJDDSaj4huHLfBVCMa4cTPCm9TWQwhFSAbEaawAuY/1713122390581.jpg)

[Source](https://www.freepik.com/free-photo/young-businessman-is-sitting-office-table-working-computer-with-many-monitors-diagrams-monitor-stock-broker-analyzes-binary-options-charts-hipster-man-drinking-coffee-studying_9277183.htm#fromView=search&page=1&position=0&uuid=11c3defc-487c-4532-9e0e-ea79d1e60db6)

Another wrong decision is that the research is omitted in the process. While some traders might act upon an instinct and get into trade without really knowing market trends, the technology behind that cryptocurrency or the factors having an impact on price changes, it may result in a situation where they find themselves surprised by the unexpected downturns. Make it a point to use both technical analysis and fundamental analysis to facilitate the decision-making process followed by this week's market reports.


![](https://cdn.steemitimages.com/DQmPAgzq8uWPdffgEwUrEkUKCo4wwo2LGxvnjiiNEzw4Vqk/1713122428737.jpg)

[Source](https://www.freepik.com/free-vector/businessman-finance-manager-working-laptop-crisis-manager-stock-market-trader-business-analytics-concept-vector-illustration_25515986.htm#fromView=search&page=1&position=1&uuid=b7a6d748-87d3-4e85-87fe-031dd6b26cfe)

Finally, avoid overtrading. Along the way of profit it can be very easy to make more trades all too soon is not only the risk gets more expensive but the risk increases as well. The result of overtrading is that it obstructs the reasoning ability of people, compromising thoughts about how to remain as a strategic trader and sticking to the trading plan. While it is really important to keep in mind that not every trade is a profitable one, it is advisable to realize that the best deal might be when there is no trade at all!



10% beneficiary to @tron-fan-club



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