Why do we trade? In the crypto market, investors trade because they want to profit. Right? Any trader, professional or newbie, enters a trade because they hope for a winning exchange. They avoid entering uncertain trading and those with a higher chance of losing.
But what if the trade goes against you. What would you feel? Will you accept it with open arms? Of course not! It hurts to lose since you are expecting that you have a good chance of winning. You had waited a long time before you entered the trade to secure victory, but in the end, you still lose. How will you feel the next time you trade? You might feel afraid of failing again. This situation happens to any professional trader or newbie trader. But what changes the game depends on how a trader handles the situation. According to Forbes, one of the secrets of good traders is that they question everything.
One question that you should ask yourself as a trader is why losing happens in crypto trading. Remember that the actions of investors originate from their beliefs. Due to our beliefs, we hold on to something. The things we believe pushes us to enter into a trade. Every trader has with him his belief in the market. Some traders do not simply rely on their judgment, that is why they seek help from professional crypto traders offering services in crypto trading platforms like Bitcoin Prime. That is why there will always be a battle between bulls and bears because both sides will have different convictions. One believes that the market price will increase. Another believes that the market price will go down.
What is Price Movement?
And this uncertainty creates the price movement. Price movement, according to Investopedia, is the fluctuation of a security’s price over time. We do not know the mindset of every trader who participates in the market because they have different predictions about the market. It happens even though we are using technical analysis to study the price patterns of past events. Notice, we cannot say that a certain price movement can happen again in the present. Why? Because the traders and investors who participated in those times are different from the traders and investors who participate today.
How to predict Price Movement?
To know that the same price movement will happen again today, the people of the past at the exact time and place must also participate in the present time and make decisions similar to what they did then. And that is impossible. Thus, no one can predict what will happen in the future because of random events. So, what is the point here? Be ready to accept the consequences of your risk-taking. No matter how confident you are in the trading, you should not expect a sure win. You can lose any time because you do not know what other traders and investors are thinking. Remember before you look for some online casino australia real money free spins that market psychology massively affects the market movement.
You never know if there are unexpected events that will happen. According to best liquidity providers, no one can say that there is an investor who is thinking of investing a lot of money right now, or there is a trader who needs to withdraw his account due to an emergency, or there is a hacked exchange etc. We cannot predict every person’s mindset and what can happen around us. For this reason, expect the unexpected. In the market, anything can happen. That is why many traders are trying hard to predict the market, but in reality, they have no idea how it moves. For some, the best way to deal with this is by trusting professional crypto traders.
If you believe anything could happen, you will not attempt to predict the market. You will not be affected by the predictions of others, news, events, and whatever things are running through your mind. When you know anything could happen, you will not be afraid to trade. If you lose your trade now, you will not be hesitant to try again next time because you already accepted the idea: anything is possible.
If you make a winning trade one after another, you will not be overwhelmed by euphoria or excitement, which makes you feel too much about yourself to result in a trade. Because you believe that anything could happen, you are always careful about your actions. Focus on what you see now, not what you want to see in the future.