· Education
All people who constantly, not accidentally, earn money on investments or trading constantly study: they keep an eye on the current events on the market, study cause-and-effect
relationships in detail and make decisions based on the received information.
Those who lose money most of the time rely on other people's advice and recommendations. Without really going into why should I do this?
· Risk management
People who make money on the stock market or crypto market always evaluate not only potential profits, but also possible risks, and then choose a strategy that will be the safest.
Those who lose, generally, look only at the cool prospects of making money, and completely forget about diversification, stop-losses and other tools that can make the strategy less risky.
· Strategy
Those who earn operate according to a certain plan, those who lose - close and open deals randomly, which prevents them from making any conclusions and analysing their mistakes.
· Control of emotions
Those who earn clearly understand that sometimes it is okay to lose on the market, and in case of market changes, continue to stick to their strategy. Those who lose start to panic, take rash actions and, as a result, drain the entire deposit.
Submitted March 01, 2024 at 12:28AM by MonInvAIblogger https://ift.tt/6gs2haC
