How to be a successful crypto trader: the trading mindset

Cryptocurrency Tradingby Nebraskan Gooner, professional traderEveryone wants to make more money. That’s why trading and investing make such attractive side-hustles and even more attractive professions. Many people will have a go at trading and fail. Beginner’s luck is real and most enter the markets during extremely bullish conditions when assets are moving straight up.The “it’s easy money” and “I’m quitting my job to become a full-time trader” self-proclaimed geniuses are everywhere during these conditions. That leaves them vulnerable to corrections which they aren’t sure how to handle. Their lack of preparation and understanding of market cycles leaves them buying dips over and over until they run out of capital and end up selling at a large loss.As with any hobby or profession, there’s preparation that should take place prior to engaging. Most who start out aren’t prepared to do their due diligence and learn how markets work. If you want to be good at something you need to study for hours and hours. Practice makes perfect.I’m going to share with you how to get started in this crazy world so you don’t become a rekt noob.Be ready to learnIf someone told you they’d give you $500,000 for making a free throw with a basketball — but you had to give them $25,000 if you miss — would you take that bet? If you were a professional basketball player with hours and hours of practice, yes you probably would. But if …
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