How trade cryptocurrency like professional :
it is so important to know this 6 simple rules.
#3 Overconfidence after a winning streak
Amateur: The amateur trader believes that after a few winning trades in a row he has acquired superior skills or that his trading strategy is suddenly a money machine and cannot fail anymore. The problem is that after a few winning trades, amateur traders use too much risk and take trades that are too big or violate their trading rules because they ‘can feel’ what will happen next.
It’s not uncommon that after 4 or 5 winning trades, traders lose all their profits on only one trade. Are you guilty of that too?
Pro: The professional trader knows that he is not suddenly a super trader and cannot predict what is going to happen next. A winning streak is normal and will happen time after time; it is just how trading works. A professional trader ALWAYS sticks to his plan, always follows his risk and money management rules and NEVER lets one losing trade wipe out a significant amount of his capital.
