Trading is a complex activity that requires many skills and knowledge. Novices who are just starting their journey in trading often make mistakes that can lead to significant financial losses. In this article, we will discuss 5 common mistakes made by beginner traders and provide advice on how to avoid them. Lack of knowledge and experience One of the main...
Let's consider the price movement on a daily timeframe. The coin has broken out of a downtrend, pierced a sloping trendline, and approached the $2.8 resistance, forming something similar to an ascending triangle. The 200-day moving average also serves as a fairly strong resistance level. The idea is to look for LONG positions after the resistance is broken and the...
Stress in trading How can stress manifest in trading? Losses. Losses occur due to lack of knowledge or experience. They will always be present, as it is an integral part of the job. However, their quantity can be reduced. Paradoxically, one should not fight stress: it should be endured and one should come out of the situation with dignity. Moreover, stress can...