Trading in the crypto market is a unique field which is interesting as well as risky to do. In trading most of the people fails while minority are the people who are successful in trading.

Majority of the people have the same reason of loss and that is market always goes opposite to our expectations. When you choose to buy the market starts going down and when you sell the market starts rising.

Does it really happen like that? Yes, this is the case that is why this market is thrilling and unpredictable. Why this happens while trading? The main reason is that your analysis and market understanding is not good.

You take your trades by predicting either the market will go up or down. If you have proper analysis and understand the chart properly then you will be among the successful traders.

The key to success in trading lies on your analysis not following others calls. Stick with one strategy and keep on practicing on paper until your trade success percentage reaches by 70%.

There are sometimes we have correct analysis and we have drawn the chart patter in best way but due to lack of confidence we deny our analysis and starts trading based in prediction. Or we depend on others analysis which is why we book loses.

Trading is always to be done when you are cool minded and when you have proper analysis. If you do trading being emotional then no doubt market will react against you. Taking emotional decisions will always take you towards losses.

Pitfalls of Trading in the Crypto Market

Sometimes we start trading to take revenge of your losses. This is the bad habit which will never help you take better decisions about your trades. If you take your trade in a sense to take revenge then surely you will book loss and you say that i dont know why the market always reacts against me.

Realizing your mistake is the one step towards success. We are humans and we have errors. Sometimes our analysis is correct but the trade against our call. In this case you must close your position without thinking of your losses. If you understand how to correct your mistake then you will surely be among the good traders.

These are the main reasons of our mistakes when trading. That is also the main reason we think the market reacts against our expectations. Its obvious when your trade decisions are wrong then you will get into losses which we think that market always goes opposite to our expectations.

What do you think about trading and what is your success percentage? Do you think market goes opposite to our expectations? Will be glad to see your answers in the comment section.

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  NOTE: IMAGES ARE TAKEN FROM CANVA. 

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