MUST READ! THE REASON YOU ARE NOT MAKING MONEY IN CRYPTO: FIND OUT NOW
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In this article, I will tell you exactly why you're not making money but constantly losing money in this big, promising industry. Have you really taken time to analyze the people you're following on social media? I strictly mean traders; you directly or indirectly depend on their opinion.
I guess you haven't, and most traders don't know this.
Who we choose to follow in the world of trading can significantly influence our trading decisions. Below are a few ways in which the individuals we follow can impact our trading results:
1. Market Insights: Following experienced traders, market analysts, or reputable financial institutions can provide valuable market analysis and insights. Imagine what happens when you follow an inexperienced trader.
2. Risk Management and Discipline: Following successful and experienced traders who prioritize these aspects can help reinforce good practices and encourage us to develop a disciplined approach to trading. One must take risk management very seriously to succeed in this journey.
3. Market Sentiment and Psychology: The traders we follow can also shape our perception of market sentiment and investor psychology. For example, many influencers were busy calling for bitcoin to crash despite all the bullish news emerging in the industry. When you follow such people, you're on your way to the village.
4. Emotional Impact: Emotions are one important thing every trader needs to control. When an influencer you are following makes a good amount of money, you will have this Andréline rush to go make yours. Such urges always end in loss.
In conclusion, following good traders will certainly set you up for more success, while following inexperienced and bad traders is one ticket to your village.
Who are you following?
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