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The real reason for loss is not the chart - your emotions
Everyone knows RSI, MACD. Yet why do 80% of people lose?
3 reasons:
1. Revenge Trade:
After losing 1 trade, you get angry and enter with 2x Lot. Account wiped.
2. FOMO:
Hearing "this will 5x" on Telegram, you buy at the high. Dump after 30 minutes.
3. Greed:
You had 15% profit. You hold thinking "more will come". Finally sell at 5% loss.
Solution:
Set TP/SL before trading. Close the app when target hits. No more than 2 trades per day.
Write a Trading Journal. Why you entered today, why you exited.
The market won't make you rich. Your Discipline will.
*Disclaimer: This is not financial advice.*
#Gateio #TradingPsychology #Mindset #Discipline