We have been trading in cryptocurrency. Maybe our trading period is different for different person. Although we have experience but we have some great mistakes. Our biggest mistake is that when any of our trades goes into loss, I feel that it can lead to big loss. I don't know. My mind gets trapped and I am not able to close that trade. For example, starting with a loss of just two dollars, sometimes it reaches 100 dollars and often I get liquidated. This is risk management that one should never invest all the money in one trade and always use stop loss. I am looking for a permanent solution to this problem. Does this happen to you too?
[source](https://pixabay.com/photos/trading-analysis-forex-chart-643723/)
Our second mistake is that every trade of our , we closes in profit, although this is not possible because no one can make the right prediction in this market, therefore one has to suffer a lot of loss. Wrong trades should be closed immediately. The third mistake is that after placing ten trades correctly, with one wrong trade, my confidence, discipline and emotional control are destroyed and in this way I also increase the leverage and in a short time all the money earned is destroyed. This is called revenge trading and revenge trading can never be successful.
While starting trading, I make a firm promise that I will trade with absolutely low leverage discipline and emotional control and principles, but after starting, I do not have any idea about anything, I just place long trades on whatever is upwards and short trades on whatever is downwards, although the trade should be placed after taking full care of the entire chart time frame and the correct range.
According to my experience, it takes a lot of time to understand this market and there are a lot of losses. Those who share screenshots of big profitable trades have made a lot of losses before. They see a part of the picture and do not see their losses. There is practical practice to understand this market, the more practice you have, the better trader you will be. Everything else is a lie. Greed to get rich as soon as possible will never bring success. You should not make more than four or five trades in 24 hours because this market hangs and traps your mind, otherwise you will always keep making losses.
