Why The Majority Lose So Much Money In Trading

in crypto •  3 months ago 

The vast majority of people that enter crypto, stock trading, day trading, any type of financial market lose money.

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This is how you avoid that completely.

You have to have a refined strategy.

A strategy is a plan that you put together to basically execute when the market does. So if the market drops here or the market pumps here, I'm going to execute on the strategy that's predetermined.

The reason why you want to do it before it happens is because when it's happening, you will be emotional. So it's like an emotionless action plan. And the way you get this action plan is about three simple steps. And you're basically just repeating these three simple steps over and over again until you get really good.

  1. You create a theory.

Is the market going to go up or is it going to go down? Am I going to do this to make money? Am I going to do that to make money?

You basically create a theory.

2.You execute on that theory.

3.You look at the data and the response of your theory to see if you're right or wrong. If you're right, then your theory was correct.

If you're wrong, you're supposed to refine your theory and refine your strategy to be correct the next time. Then you just keep doing that.

You just make a theory, execute, check, make a theory, execute, check. And eventually your system, your strategy becomes really, really, really good.

Find people that have done this for a long time. It can save you a lot of money.

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  ·  3 months ago  ·  

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