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#XRP The 7 stages to becoming a trading expert!
First stage: A new-born calf is not afraid of tigers.
Having heard the rags-to-riches stories of many millionaires, you know that 'trading' is a lucrative business. When you first enter the market, you usually listen to the advice of others or follow their lead, feeling that they are making sense. Your trades are mainly short-term, aiming to make some money and then being eager to Close Position, fearing that the profit will slip away. If you make a loss, you hold onto it, thinking that there will always be a breakeven. Most quickly end up losing everything or getting liquidated, with thirty to forty percent of investors already having been liquidated.